The latest Equifax Canadian debt levels report finds consumers owe a total of $1.5 Trillion! Why are our debt levels so high – and how can you minimize yours, especially during the pricey holiday spending season? Read on for our tips.
The Geneva Report, a leading authority on global economics, was released this week with a dire warning – the world must slow down on borrowing, or face a new financial crisis. Read on to see how Canadian consumers could be affected.
The amount of debt carried by Canadian households rose sharply last year, according to BMO’s Annual Debt Report. The uptick is partly due to an increase in mortgages, and some argue that rising property values will offset the risk. But what if the housing market cools?
New reports find the economic success of the Canadian middle class to be shrinking. Is the “Canadian dream” still a reality?
The Canadian household debt to income ratio has hit a new record high at 163.7% – and will only climb higher over the holidays. Here are some ways to keep your spending down during the priciest time of year.
Have you been declined for a mortgage loan? Check out this guide on what changes to make in order to qualify for a mortgage.
The Department of Finance has long warned against the hazardous debt levels reached by Canadian households. After all, debt to income ratios rival those of the U.S., right before the economic downturn. However, a new report by TD Economics suggests the situation calls for less doom and gloom than previously thought.
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?
Don’t let bad habits bruise your financial standing. This week on Money Wise, we’re looking at how common bad behaviour can have a lasting effect on your bank account. Whether you’re a bill procrastinator, overspender, or a ticket magnet, we have ways to help you clean up your act – you naughty thing, you.
How will StatCan’s revised debt to income ratio numbers affect Canada’s mortgage market? Are borrowers increasingly vulnerable to rate hikes?