Consumer Debt

• 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
  
• More than half of B.C. residents feel the squeeze of interest rate hikes, survey finds

  Since the last financial quarter, the debt index found British Columbians had the largest decrease in disposable income across the country.

  Economy

  Apr 18
  
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• Consumer debt continued to rise in Q4 but new mortgages declined: Equifax

  The number of new mortgages declined 8.1 per cent year over year in the last three months of , according to Equifax.

  Consumer

  Mar 7
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• Roughly half of Canadians financially insecure as debt confidence hits record low: report

  The 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.

  Money

  Jan 17
• Canadian consumers are now carrying $2.1 trillion in debt, driven by mortgages

  Equifax says the debt profile of Canadians has changed throughout the COVID-19 pandemic, with mortgages accounting for a larger portion of people's debt.

  Consumer

  Jun 8, 2021
• 52% of Albertans say they’re $200 or less per month away from not paying all bills: MNP

  'The number of Albertans with virtually no wiggle room in their household budgets has increased significantly in the last three months.'

  Money

  Apr 8, 2021
• New survey points to debt trouble in Alberta as COVID-19 pandemic drags on

  Albertans are bracing for more debt and insolvency as the COVID-19 pandemic continues.

  Money

  Oct 13, 2020
• People living in Alberta cities have more consumer debt than others in Canada

  Credit rating agency Equifax Canada says average consumer debt increased 2.7 per cent to reach $72,950 at the end of 2019.

  Canada

  Mar 5, 2020
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• Albertans increasingly concerned about personal debt and paying it off

  Albertans are becoming more pessimistic about their financial future in light of growing debt.

  Consumer

  Jan 21, 2020
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• Financial analyst weighs in on StatsCan figures suggesting retail sales down in Alberta

  The latest figures from Statistics Canada are providing a reality check on how retail sales are doing in Alberta going in to Black Friday and the Christmas shopping season.

  Consumer

  Nov 28, 2019