At the same time, the share of mortgage holders aged 55 and older continues to grow. Continue reading →

Canadians aren’t optimistic about their financial situations as they expect the costs of most expenses to mount next year. Continue reading →

Canadians’ failure to reduce debt despite rising borrowing costs is ‘concerning,’ one debt counsellor warns. Continue reading →

Bank of Canada leaves its key rate unchanged, as expected, at 1.75 per cent. Continue reading →

A new study finds that there is a two-year lag between when interest rates start to rise and when bankruptcy volumes increase. Continue reading →

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 →

The share of household debt to disposable income edged back up in the second quarter of the year. Continue reading →

Canada’s lowest-income households are also shouldering the heaviest burdens when it comes to debt, a new study from Statistics Canada confirms. Continue reading →

There are three main financial issues that worry the head of the Bank of Canada enough to keep him up at night.  Continue reading →

For every dollar of Canadian household disposable income there was $1.68 in credit market debt. Continue reading →