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?
0% financing sounds like a steal – who wouldn’t want to pay zero interest on their car loan? However, it’s often too good to be true. Here’s what consumers should know.
Money memories, or past “scripts” can cause powerful emotions that control how we spend, save and take on debt. Here’s what you should know about these feelings – and how to look beyond them to make better financial decisions.
Two Canadian economic forecasts were revised this week to reflect the damage cause by sliding oil prices. Meanwhile, household consumer debt levels continue to be cause for concern.
How does your credit card balance compare to other Canadians? Our Credit Card Debt Denial study finds that 27.4% of cardholders incorrectly think their balance is within the national average. Read on to learn more.
Have you met that special someone? Your bank account better shape up – from first date to cutting the cake, love will set you back a heartbreaking $50,339.21, according to our third annual Cost of Love study.
The Bank of Canada paved the way for lower interest rates last week by cutting their Overnight Lending Rate. How will consumers be affected? Check out our breakdown, from borrowing to lost jobs.
A CIBC poll finds paying off debt remains the top priority for Canadians, who named it the number one New Year’s resolution of 2015. Here’s how to make the debt-free dream a reality this year.
Want to take control of your money this year? Get the 2015 financial start you need with these top tips!
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.