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
Consumer Debt
Vancouverites have Canada’s highest debt among major cities
By Jesse Ferreras Online Journalist
Vancouver was the only place where non-mortgage debt balances grew on a quarterly basis in the first quarter of 2018. It declined in every other major Canadian city in this report. Continue reading
Turning point? Canadians’ household debt load drops to two-year low
Canadians now owe $1.68 for every dollar of disposable income, down from nearly $1.70. Continue reading
Canadians scrambling to pay off debt as interest rates rise: poll
A growing number of Canadians are worried rising interest rates could impact their ability to repay their debts, according to a new poll. Continue reading
Canadian household debt-to-income ratio slips: StatsCan
Household debt is often cited as a key risk to the Canadian economy by the Bank of Canada and others. Continue reading
Canadian consumer debt just keeps growing — but here’s why it’s not a problem yet
Debt is up, it’s true. But here’s the thing about that. Continue reading
Vancouverites are, on average, Canada’s most indebted people in major cities, data shows
By Jesse Ferreras Online Journalist
And that’s without even counting mortgages. Although British Columbians are tops in that category. Continue reading
6 budget tips from an author who paid off almost $30K of debt in two years
Author Cait Flanders shares easy ways all Canadians can cut back on credit card debt. Continue reading
Staggering share of Canadians fear bankruptcy if interest rates rise much more
Millennials and gen-Xers are particularly vulnerable to increasing debt-servicing costs, two separate reports suggest. Continue reading
Canadians would rather cut down their debt than save for vacation, retirement in 2018: CIBC
Paying bills or just getting by were the top goals for about 15 per cent of respondents. Continue reading