Bank of Canada leaves interest rate unchanged at 1.75%
Bank of Canada leaves its key rate unchanged, as expected, at 1.75 per cent. Continue reading
consumer debt Canada
As another rate hike looms, more Canadians feel closer to insolvency
One-third of debtors now say rising rates could move them toward bankruptcy, a recent MNP survey found. Meanwhile, delinquency rates are up among seniors, according to Equifax. Continue reading
COMMENTARY: Are indebted Canadians foolhardy or prey?
Canadians should be responsible for their own debts, but Mike Stafford says Canadian banks and lenders have to share some responsibility, as well. Continue reading
The average Canadian owes $8,500 in consumer debt, excluding their mortgage: Ipsos poll
Nearly half of respondents (46 per cent) said they have no consumer debt whatsoever. Continue reading
Calgary and Vancouver are, on average, Canada’s most indebted major cities: report
By Jesse Ferreras Online Journalist
Average debt balances per person have kept growing in almost every quarter since 2015, data show. Continue reading
Millennials in big cities more likely to have no debt, save: survey
New report yields surprising results about Canada’s young urbanites Continue reading
Amazon and death of the shopping mall: 10 retail trends to watch for in 2017
As 2016 nears an end, here are the top retail trends to look forward to in the new year. Continue reading
Canadians owe $1.67 for every dollar of disposable income: Statistics Canada
Canadians owed $1.67 in credit market debt, which includes consumer credit and mortgage and non-mortgage loans, for every dollar of disposable income. Continue reading