Debt

• Canadians are banking on tax refunds amid ‘staggering’ debt

  As recession fears loom, a 'staggering' number of Canadians say they are in financial debt and many are banking on their tax refunds to pay that down, according to a recent poll.

  Money

  Apr 16
  
• ‘Financially paralyzed’: Half of Canadians living bill-to-bill, poll finds

  Nearly half added they could no longer afford to maintain their standard of living, while nearly a third said their finances were in a constant state of chaos.

  Economy

  Jan 23
  
• Advertisement
• Half of Canadians $200 or less away from not being able to pay bills: poll

  Interest rate cuts from the Bank of Canada last year have not swayed how Canadians are feeling about their debt heading into 2025, a new poll released Monday suggests.

  Money

  Jan 13
• Advertisement
• More credit card debt likely for 1 in 5 as Canadians focus on ‘surviving’

  The survey from TransUnion also found about 26 per cent of Canadians said they expect to be unable to pay at least one bill or loan in full in 2025.

  Canada

  Jan 7
• Joe Biden signs bill that averts a U.S. government shutdown

  The deal funds the government at current levels through March 14 and provides US$100 billion in disaster aid and US$10 billion in agricultural assistance to farmers.

  World

  Dec 21, 2024
• ‘Low risk, high reward’: How sex traffickers use coercive debt to exploit survivors

  Coercive debt and financial abuse are a 'systematic' part of how sex traffickers operate in Canada, with at least a quarter of all survivors dealing with fraudulent debt.

  Crime

  Nov 10, 2024
• Inflation’s well in-hand. So why do so many Canadians still feel ‘a squeeze’?

  New polling on the state of Canadian finances reveals signs of both stress and optimism persist among households despite recent progress taming inflation.

  Money

  Oct 16, 2024
• Mortgage payments holding up, but other debt arrears rising: StatCan

  While Canadians were falling behind on credit card debt and auto loan payments late last year, rates of mortgage arrears were steady compared to pre-pandemic levels, StatCan found.

  Economy

  Aug 14, 2024
• Advertisement
• Struggling with money? What you can do to tackle mounting debt

  Consumer debt is rising in Canada. If you're feeling the squeeze, here a some steps you can take to start getting your finances in line.

  Consumer

  Jul 12, 2024
• Advertisement
• Canadians are among the world’s most indebted. How they handle that debt varies

  The report said interest rate hikes by the Bank of Canada from 2022 to 2023 has left many Canadians facing issues with saving and households debt.

  Canada

  Jul 5, 2024