Canada’s household-debt-to-income ratio down slightly in second quarter
Incomes are growing slightly faster than debt. Continue reading
canada household debt
Bank of Canada holds rates at 1.75% with no hint about future moves
Canada’s central bank said the economic damage from the U.S.-China trade war is worse than expected but did not mention the possibility of a future rate cut. Continue reading
Household debt-to-income ratio edges down in the first 3 months of 2019
But the debt-service ratio was the highest since late 2007. Continue reading
Canadian households now using 14.9% of income for debt payments
Rising interest rates are putting borrowers in a tough spot. Continue reading
Canadians today feel worse about their finances than they have in 3 years, poll shows
By Jesse Ferreras Online Journalist
Canadians aren’t optimistic about their financial situations as they expect the costs of most expenses to mount next year. Continue reading
3 things you probably didn’t know about your credit score
Your number doesn’t matter as much as you think. Continue reading
Canadians are worrying about debt all wrong: CIBC
By Jesse Ferreras Online Journalist
The debt-to-income ratio is “probably the most useless economic indicator out there.” Continue reading
The Liberals tried to clamp down on Canadians’ debt. So far, it isn’t working.
By Jesse Ferreras Online Journalist
And it didn’t really work the last time, either. Continue reading