According to a new Equifax report, Canadian consumer debt has now climbed to over $1.8-trillion, up from the $1.797 trillion reported in the previous quarter. And concern arises as…
Your retirement might be decades away, but that doesn’t mean you don’t have to save now. Here’s how to put aside funds so that you won’t have to work until the end of your life.
Want to start the year with less debt and more spending power? Here are 4 money pledges to make in 2015 to make it your richest year ever.
Are Canadians heeding the warnings on high household debt levels? According to an recent RBC Economics study, we appear to be making progress, as debt nationwide declined in February.
Mark Carney’s debt warnings have attempted to lower Canadian household debt – but with levels higher than ever, are Canadians listening?
A new round of Moody’s downgrades has cut the ratings of 6 Canadian banks by one notch. What does this mean for Canadian consumers and borrowers?
Homeowners looking to take out a home equity line of credit will find their borrowing power slashed as the National Bank enforced a 65 per cent LTV cap which takes effect today.
The Canadian economy could be in for a second recession, according to a Moody’s Analytics report. The culprits: record high levels of Canadian household debt, and little room for stimulus should the cost of borrowing go up.
There’s no way around it – kids are expensive! It costs an average of $242,000 to raise that bundle of joy to the age of 18. For new parents, though, the first year of costs can be an especially terrifying challenge.
Canadians are a little lighter in the pockets these days – and July saw lower-than-expected inflation growth as a result. Levels only rose by 1.3 per cent from 2011 numbers year-over-year – shy of the 2 per cent average aimed for by the Bank of Canada.