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Over half in Saskatchewan close to insolvency: report

financial struggles facing Saskatchewanians seven months into the coronavirus pandemic, and one suggests more than half are close to being insolvent.Fifty-three per cent of respondents in MNP’s recent Consumer Debt Index, which surveyed Saskatchewan and Manitoba residents, said they were $200 or less from being insolvent at end-of-month.Pamela Meger, a Licensed Insolvency Trustee (LIT) with MNP in Regina, says that the response wasn’t unexpected.

She said that surveys in March, before pandemic lockdown measures were implemented, indicated 44 per cent of people were already in that situation.

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