Consumer Debt
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As Bank of Canada decision looms, Canadians worry they can’t afford more hikesAs more Canadians worry about their ability to handle future rate hikes, others are finding they're having an easier time handling higher interest costs, a new survey found.MoneyOct 18, 2023
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Canada’s banks brace for possible wave of loan defaults. Why that mattersCanada'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.MoneyMar 4, 2023
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Debt worries rise amid higher interest rates and persistent inflation: MNP reportA new report suggests Canadians' worries about debt are rising amid higher interest rates and persistent inflation.ConsumerJan 16, 2023
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Consumer insolvencies in Canada hit highest number since COVID pandemic beganDuring the pandemic, consumer and business insolvency numbers dropped as emergency aid helped buoy individuals and firms alike.MoneyJan 5, 2023
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Canadian consumer debt climbs 7.3% to $2.36 trillion in third quarter: EquifaxEquifax Canada says an increase in borrowers helped push total consumer debt to $2.36 trillion in the third quarter, even as mortgage volumes decline.ConsumerDec 6, 2022
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Rising inflation, interest rates push 1 in 4 British Columbians to cut back on essentials: pollAnd almost half (46 per cent) said they'd slashed spending on non-essentials like travelling, dining out and entertainment.EconomyJul 11, 2022
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More than half of B.C. residents feel the squeeze of interest rate hikes, survey findsSince the last financial quarter, the debt index found British Columbians had the largest decrease in disposable income across the country.EconomyApr 18, 2022
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Consumer debt continued to rise in Q4 but new mortgages declined: EquifaxThe number of new mortgages declined 8.1 per cent year over year in the last three months of , according to Equifax.ConsumerMar 7, 2022
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Roughly half of Canadians financially insecure as debt confidence hits record low: reportThe latest MNP Consumer Debt Index found the twin stressors of holiday spending bills coming due and the resurgent COVID-19 pandemic has Canadians feeling squeezed.MoneyJan 17, 2022
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Canadian consumers are now carrying $2.1 trillion in debt, driven by mortgagesEquifax says the debt profile of Canadians has changed throughout the COVID-19 pandemic, with mortgages accounting for a larger portion of people's debt.ConsumerJun 8, 2021
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