‘Trying not to die’: Tourism operators loaded with debt despite rising demand
Tourism has come roaring back from pandemic lows, but operators say the sector has yet to reach pre-COVID levels.
Lifestyle
Apr 23
Anne Heche’s estate cannot pay over $8M in debts, son says
Actor Anne Heche died at age 53 after she crashed her car into a residential home in August 2022.
Entertainment
Apr 24
University students in N.S., P.E.I. facing highest debt in Canada: study
In a Statistics Canada study citing amounts owed by students after their program's completion, graduates in the Maritimes experienced some of the highest repayment totals in 2020.
Education
Apr 24
Ontario cities have the worst credit card debt in Canada, study finds
The latest data from money.ca shows that seven of the county’s top 10 worst cities for credit card debt are from Ontario, with Barrie, Ont. taking the number one spot.
Economy
May 2
Illegal gambling hits Ontario high school, students threatened over debts: police
Police in Ontario are investigating reports of an illegal online gambling operation targeting youth at an Orillia high school. Some students say they're being threatened too.
Crime
May 6
Debt burdening Manitobans, but 27% are feeling better about it, data shows
The latest consumer debt index from MNP Ltd. finds 27 per cent of Manitobans feel better about their current debt situation compared to last year.
Money
Apr 8
Biden announces new student debt relief plans that would benefit at least 23M
The plans, which the president detailed in Madison, Wisconsin, include canceling up to US$20,000 of accrued and capitalized interest for borrowers, regardless of income.
U.S. News
Apr 8
Renters so far more ‘vulnerable’ than homeowners amid higher interest rates. Why?
The Bank of Canada says in a new report that renters are feeling more debt stress tied to higher interest rates than Canadians with a mortgage.
Money
May 9
Federal cabinet minister Randy Boissonnault linked to PPE company embroiled in lawsuits
Global Health Imports Corporation, a company that Employment Minister Randy Boissonnault co-founded in 2020, faces $7.8 million in court-ordered debts.
Investigations
May 1
Shohei Ohtani’s ex-interpreter stole $16M from MLB star for gambling debt: U.S. DOJ
U.S. prosecutors say Ippei Mizuhara stole more than $16 million from Ohtani’s bank accounts to pay for his own sports betting and lied to the bank to access the accounts.
Crime
Apr 11
How to protect, improve your credit score amid cost-of-living pressures
Canada's cost-of-living pressures are impacting some people's ability to pay down debt and keep their credit scores in good standing.
Canada
Apr 13
Ma-Me-O Beach mayor says tough decisions ahead on addressing debt related to wastewater project
People who own property in a community on the shores of Pigeon Lake were asked to give their input as local leaders wrestle with how to address debt repayments.
Politics
Mar 26
NB Power rate hike comes into effect
NB Power rates are now 13.2 per cent higher for residential customers. The rate increases are intended to ease the organization's over $5 billion debt.
Canada
Apr 1
Affordability issues are ‘casting a shadow’ over young Canadians’ economic futures
Young Canadians' economic futures are at risk if affordability issues driving up the cost of housing and debt persist, Statistics Canada says in a new report.
Money
Mar 27
Stock market rally made Canadian households wealthier in Q4, StatCan says
Statistics Canada says households owed $1.79 in credit market debt on average for every dollar of disposable income in the fourth quarter.
Money
Mar 13
Atlantic Canada’s insolvent SaltWire Network hoping to survive restructuring process
In documents filed with the court March 11, Fiera Private Debt said SaltWire and The Halifax Herald Ltd. together owe it $32.7 million, plus almost $600,000 in accrued interest.
Money
Mar 22
Just for Laughs owes money to comedians, companies: court documents
Montreal comedy festival Just for Laughs and affiliated companies owe millions of dollars in unpaid debts beyond what was included in a court filing last week.
Entertainment
Mar 14
Ottawa’s fiscal wiggle room squeezed by rising debt costs, watchdog says
The Liberal government is heading into its 2024 budget with higher debt costs and a slowing economy, a new report form the Parliamentary Budget Officer shows.
Economy
Mar 5
Lynx Air hoped purchase by rival Flair would help pay off debt: court docs
Proceeds from a tentative deal with Flair would have gone toward Lynx's debt to Indigo Partners, the U.S. private equity firm run by Bill Franke that owns one-quarter of Lynx.
Canada
Feb 27
Ottawa ends pandemic programs, shifts priorities in $449B spending plan
While the government's tries to lower discretionary spending, overall spending will grow next year driven by higher debt servicing costs and transfers to seniors and provinces.
Politics
Mar 7