Most Canadians can afford to pay off their credit card bill each month but surprisingly, a good portion of them don’t, according to a recent study. The problem: They’re paying too much attention to…
There has been no change from the Bank of Canada in today’s announcement, despite a lagging economy and weak loonie. How will consumers be affected? Read on to find out.
What top economic issues are sure to take centre stage (and hit your wallet) next year? Check out our 2016 financial outlook.
The latest numbers from Statistics Canada show the national debt-to-income ratio has hit 164.4% – the biggest increase since 2011. Why is debt spiralling so high in Canada – and what can consumers do to lower their own ratios?
Is a Canadian recession becoming a reality? A recent rate cut from the Bank of Canada, and lacklustre economic data point point to a downturn. So why won’t our top bankers use the “R word”?
The Canadian debt to income ratio now sits at 163.3% – a new high. What is driving such record borrowing levels? Barry Choi breaks down the economic factors.
Bank of Canada Governor Stephen Poloz has stated economic conditions in Canada will be “atrocious” in Q1. How should Canadian consumers react to this news?
The Bank of Canada could change interest rates again in what has been an unpredictable year for rate watchers.
The Bank of Canada has maintained the Overnight Lending rate at 0.75%, with no additional cuts to Prime in store. Here’s how this could affect your mortgage.
It’s widely expected that US interest rates will rise this year, which would traditionally set the stage for Canada’s rates to follow suit – which is why consumers here should be aware of the economic factors affecting our American neighbours.