A recent poll finds that Canadians are lowering their personal debt through less spending – but they continue to be anxious about their remaining debt levels.
Canada’s deficit levels have considerably decreased since 2011 levels. But how does this translate to jobs, services and security for Canadian citizens?
Thanksgiving offers the chance to catch up with loved ones – and money is a subject sure to crop up at the dinner table. Whether you’re fielding questions about your income, or discussing matters such as inheritance or parent care, read our tips for a productive – and peaceful – money discussion.
A new poll finds 92 per cent of Canadians would willingly take out debt – even when it’s not absolutely necessary. Canadians may be more comfortable living with their debt – and as a result, we’re maxing out faster.
It may be normal to fret over making ends meet, but if your financial anxiety is disrupting your life, it may be time to find help. Reaching out to a financial advisor, and creating a plan to get things back on track, can restore your peace of mind.
Are we in for a lifetime of debt? According to our Cost of the Future study, Canadians are staring down some of the longest debt repayment plans ever – and they’re kicked off by sky-high tuition costs.
As the state of the global economy remains volatile, it’s increasingly apparent that Canada needs an economic backup plan of its own. Some finance experts have suggested stimulus spending on infrastructure, rather than trimming interest rates will provide us with a monetary crash pad should things spiral out of control on a global scale.
It’s a stark reality: according to a CIBC poll, 59 per cent of Canadians will retire while holding debt. Adapting to a fixed income can make it challenging to manage day-to-day expenses and afford extra debt payments. Here are a few key numbers to consider when planning your retirement.
It seems like we spend our lives striving to be debt free, but the reality is, each life stage presents a unique financial challenge to overcome. Whether you’re a student scraping by, or facing retirement with a smaller-than-expected pension, planning for your unique debt stage will help make you more prosperous at any age.