Canada Debt

• Credit card debt hit all time high in Q2 as inflation bites: Equifax

  Equifax Canada says many Canadians are slowing down their credit card spending, but lower-income households are having a harder time curbing spending.

  Consumer

  Sep 14, 2023
  
• Canadians are borrowing less and getting paid more amid higher interest rates

  Growth in disposable income is helping to offset the impact of higher interest rates on household budgets, Statistics Canada says, but economists warn that could change.

  Money

  Sep 13, 2023
  
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• Another rate hike may be looming and Canadians worry they can’t keep up

  Ipsos polling shows 71 per cent of Canadians are worried they can't keep up with the pace of rising interest rates as debt-servicing costs mount.

  Money

  Jul 11, 2023
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• More than half of Canadians $200 away or less from missing bill payments: MNP  

  Just over half of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month amid higher interest rates and inflation.

  Money

  Jul 10, 2023
• Why millennials in Canada are hardest hit by debt: ‘Living on the edge’

  On a per-population basis, millennials were 1.4 times more likely to file for insolvency than people in generation X aged 42 to 56, a study shows.

  Money

  Mar 26, 2023
• Canada’s banks brace for possible wave of loan defaults. Why that matters

  Canada's big six banks all reported this week that they're putting more money aside for possible loan defaults. Here's what to know about the outlook for Canadian credit.

  Money

  Mar 4, 2023
• Canada’s debt level is sustainable over long term, parliamentary budget officer says

  The report says that over the long term, relative to the size of their economies, provinces will face rising health-care expenses due to the aging population.

  Canada

  Jul 28, 2022
• Rising inflation, interest rates push 1 in 4 British Columbians to cut back on essentials: poll

  And almost half (46 per cent) said they'd slashed spending on non-essentials like travelling, dining out and entertainment.

  Economy

  Jul 11, 2022
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• Dealing with debt: Experts break down ways to manage as Canadians struggle

  Many Canadians are struggling with debt. Experts gave Global News their best advice on how to manage debt, cautioning more will likely struggle in the months to come.

  Money

  Jun 2, 2022
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• Canadians piled on more debt during COVID-19, see quality of life worsen: survey

  Canadians struggling with debt are seeing their quality of life worsen during the COVID-19 pandemic, which has seen inflation rise, the 2021 BDO Affordability Index indicates.

  Consumer

  Oct 18, 2021