Consumer Borrowing

• New rules limit location, number of payday loan companies in Kingston

  The City of Kingston is taking steps to limit the number and location of payday loan businesses and to educate consumers about the potential downside of taking short-term, high interest loans.

  Consumer

  Oct 4, 2018
  
• Oil shock not hitting BMO’s Western Canada customers too hard — yet

  Bank of Montreal customers with outstanding car loans, mortgages and other credit products had little difficulty keeping payments current in latest quarter.

  Canada

  Aug 25, 2015
  
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• What debt problem? Canadians’ finances far from troubled: report

  Some call it the biggest risk hanging over the nation’s economy but a years-long run up in household debt poses little danger, according to a new study.

  Canada

  May 20, 2015
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• Bank of Canada holds line on key interest rate at 0.75%

  The Bank of Canada is sticking with its trendsetting interest rate even though the effects of the oil-price shock likely stalled the country’s economy in the first three months of 2015.

  Canada

  Apr 15, 2015
• Here’s how savers should plan for higher interest rates

  Getting to know how interest rates affect certain kinds of savings will help savers take advantage of a move to higher rates.

  Consumer

  Feb 10, 2014
• The rise of the 8-year car loan

  Vehicle sales are soaring, but so too is the length of time it will take new buyers to pay back their car loan.

  Consumer

  Feb 6, 2014
• 5 things to know about interest rates right now

  Mortgage rates are heading down again while the central bank is holding its key rate steady. Here's a look at where borrowing rates are at, and where they're headed.

  Canada

  Jan 22, 2014