Balance transfers often come with low introductory interest rates. They can be an effective part of a debt repayment plan when cardholders take heed of the risks.
Lousy weather and escalating debt from the holidays can cause sleepless nights at the very least. Blue Monday is known for being the most depressing day of the year, but…
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…
A new study finds Ontarians are shrugging off their savings plans in order to focus on debt repayment like mortgages. But is it ever a good idea to stop saving completely?
Students are notoriously cash-strapped. Need a hand managing your finances for the term? Take RateSupermarket.ca’s survey – you could WIN a $2,500 scholarship!
Are you overspending on a regular basis? This week’s Money Wise Roundup is all about breaking bad shopping habits.
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.
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.
A recent CIBC poll finds Canadians put retirement savings on the back burner when it comes to financial priorities, focusing instead on debt repayment.
One of the top New Year’s resolutions is to get out of debt – especially with consumer credit at all-time highs, and record low borrowing rates poised to rise in the new year. The good news? It’s never too late to turn your finances around – and what better time than the dawn of a new year to get started down the path to financial security?