Debt Binge

• 5 things to know if you’re deep in debt

  Hiding behind a pool of debt won't help. Neither will waiting it out. Here are a few helpful tips from Credit Counselling Society counsellor Mary Castillo.

  Canada

  Feb 19, 2016
  
• Debt binge has left Canadians more ‘vulnerable’ to economic shock: PBO

  Household debt levels have climbed to the highest in the G7, report says, and Canadians will soon be forced to pay more than ever to service those debts.

  Canada

  Jan 19, 2016
  
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• High debt loads are catching up to Albertans

  A spending boom that accompanied oil’s rise in recent years is now being followed by a debt hangover, with consumer insolvency filings hitting five-year highs.

  Canada

  Jan 5, 2016
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• 2016 could be year Canadians actually shrink debt loads — or not

  A pair of fresh polls suggest many Canadians are planning to do something next year plenty of us haven’t done in years: reduce the amount of money we owe.

  Canada

  Dec 30, 2015
• Canadians’ debt binge expected to continue next year

  Country is showing worrisome signs linked to heavy debt burdens but low rates and delinquency rates point to more borrowing ahead.

  Canada

  Dec 17, 2015
• Canadian Tire says country on a spending spree – except in Alberta

  Albertans dial back on trips to Canadian Tire and Mark's Work Wearhouse as province copes with energy downturn. But elsewhere business is booming.

  Canada

  Nov 12, 2015
• Home Capital’s probe into alleged fraud by mortgage brokers widens

  Mortgage brokers who were suspended for allegedly falsifying income information generated roughly twice as much in mortgages as the company originally estimated.

  Canada

  Nov 5, 2015
• Real estate is ‘overvalued’ across much of the country, CMHC warns

  "The evidence of overvaluation has increased since the previous assessment in Toronto, Vancouver, Montreal, Edmonton, and Saskatoon as price levels are not fully supported."

  Canada

  Oct 29, 2015
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• ‘Tap and go’ credit card purchases are surging in Canada

  So-called contactless payments are spiking among credit card users as more stores offer option, new data shows. But the convenience can add up to a bigger monthly bill.

  Canada

  Oct 29, 2015
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• Canadian shoppers seen dialing back this Christmas

  Retail sales trends heading into the all-important holiday season suggest many Canadian consumers are poised to pull back this year.

  Canada

  Oct 26, 2015