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Report: Seven in 10 Canadians expect cost of living to worsen in 2026

Report: Seven in 10 Canadians expect cost of living to worsen in 2026

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The latest MNP Consumer Debt Index shows Canadians are bracing for a tougher 2026, with 71% expecting the cost of living to worsen. It also found 59% anticipate a weaker economy and higher housing pressure, 54% expect interest-rate and inflation strain, and 52% foresee job-market weakness.


The index edged up one point to 87. Still, 41% say they are within $200 of not being able to pay monthly bills, while average month-end “wiggle room” rose to $907.


Only 47% report having six months of emergency savings, the report added.