Canada Household Debt

Reducing Debt Still The Top Priority For Canadians: Poll

CP | The Canadian Press | Posted 12.30.2015 | Canada Business

Keeping up with bills/getting by came in second, cited as the main priority of 18 per cent of respondents.

Canadians' Debt Growing At Fastest Pace In 3 Years: RBC

CP | The Canadian Press | Posted 12.04.2016 | Canada Business

OTTAWA — Mortgages helped boost Canadian household credit growth in October as it increased by 5.0 per cent compared with a year ago, a report by th...

$1.65 Owed For A Dollar Earned: Canadians' Debt Hits All-Time High

CP | The Canadian Press | Posted 09.11.2015 | Canada Business

OTTAWA - Statistics Canada says the amount owed by Canadians compared with disposable income increased in the second quarter as debt levels rose more ...

Finally Some (Small) Improvement In Household Debt

CP | The Canadian Press | Posted 06.12.2016 | Canada Business

OTTAWA - The ratio of how much Canadians owe compared with how much they earn improved in the first quarter for the first time since steadily worsenin...

THIS Is A Top Priority For Canadians

CP | Posted 12.30.2014 | Canada Business

TORONTO -- A new poll suggests that paying down debt is the biggest financial priority for Canadians in 2015. It is the fifth year in a row that de...

Household Debt Hits All-Time High

CP/HuffPost Canada | Alexandra Posadzki, The Canadian Press | Posted 02.14.2015 | Canada Business

Canadian household debt reached an all-time high in the third quarter of 2014, Reuters reports. Average household debt reached 162.6 per cent of av...

Forget the Garage, Spring Clean Your Finances!

Jeffrey Schwartz | Posted 05.06.2014 | Canada Business
Jeffrey Schwartz

For most of us, spring on the horizon means it's time for our annual spring cleaning. But, if you are like most Canadians, it may be more important to focus on spring cleaning your finances rather than washing the windows or cleaning out the garage.

Canadians Are Full On Debt, Thanks

CP | David Friend, The Canadian Press | Posted 03.16.2014 | Canada Business

TORONTO - Canada's biggest banks say consumers are reaching the limit on how much they can afford to borrow, and that's likely to slow loan growth thi...

How To Handle Post-Holiday Debt

CBC | Posted 02.27.2014 | Canada Business

With post-holiday bills piling up even faster than food on Christmas dinner plates, experts say now is the time to hide those credit cards. The aver...

Most Canadians Are No Better Off Financially Than They Were Last Year

Doug O. Jones | Posted 02.18.2014 | Canada Business
Doug O. Jones

A recent Sun Life survey has provided some sobering food for thought ahead of a holiday season that often means less sober endeavours for many. It seems that at year end, the majority of Canadians are no better off financially than they were a year ago and that situation worsens for those 55 years of age and older.

This Many Canadians Expect To Be In Debt Til DEATH

The Huffington Post Canada | Posted 08.07.2013 | Canada Business

For some, freedom from debt is a very far-fetched concept. Fourteen per cent of Canadians said they don't think they will ever get rid of their de...

Big Jump In Number Of Indebted Canadians

The Huffington Post Canada | Daniel Tencer | Posted 07.24.2013 | Canada Business

The number of Canadians carrying debt jumped nine percentage points in the past year, but the size of debt payments has shrunk, says a new survey from...

Stunning Number Of Households Have Ridiculous Debt Levels: Report

The Huffington Post Canada | Posted 07.02.2013 | Canada Business

More than one in nine of Canada’s homes are heavily indebted because of the country’s housing boom, Bloomberg reports. Data from polling firm I...

Carney Bailing On Canada At Just The Right Time: Analyst

The Huffington Post Canada | Daniel Tencer | Posted 04.18.2013 | Canada Business

Bank of Canada Governor Mark Carney warned on Thursday the bank could raise interest rates if the growth in household debt doesn’t slow. It was a...

Canadians' Debt Hits Another All-Time High

CP | Julian Beltrame, The Canadian Press | Posted 05.15.2013 | Canada Business

OTTAWA - Canadian households continue to get into deeper debt, but the most recent data also offers a bit of a respite — credit accumulation is slow...

Forget Retirement, Canadians Just Trying To Pay Off Debt

CP | Posted 01.23.2014 | Canada Business

TORONTO -- Canadians appear less concerned about retirement planning than in years past as they continue to focus on debt reduction as their main fina...

Consumer Debt Hits All-Time High, Again

CP | Julian Beltrame, The Canadian Press | Posted 02.12.2013 | Canada Business

OTTAWA - Canadians are more in hock today than ever before, Statistics Canada said Thursday in releasing fresh data on household debt.The new report s...

Housing Market Diving? Mission Accomplished!

CP | Posted 12.03.2012 | Canada Business

OTTAWA — Finance Minister Jim Flaherty is not worried about a housing collapse, saying he is happy he has helped cool the market with the latest rou...

This Is A Financial Plan, According To 1/3 Of Canadians

CP | The Canadian Press | Posted 12.30.2012 | Canada Business

TORONTO - One-third of Canadian respondents to a new survey admit their financial plans include counting on a future injection of good luck, either by...

Our Housing Crash Won’t Be Like America’s: CIBC

CP | Posted 12.30.2012 | Canada Business

TORONTO - The news out of Canada's real estate market isn't good, but the country will avoid a U.S.-style real estate meltdown, CIBC said Tuesday. ...

Does Debt Equal Happiness?

The Huffington Post Canada | Daniel Tencer | Posted 10.22.2012 | Canada Business

Recent data revisions from Statistics Canada showed that Canadians are even more in debt than previously estimated. The average household debt in Cana...

You're More In Debt Than You Think: StatsCan

The Huffington Post Canada | Daniel Tencer | Posted 10.15.2012 | Canada Business

Canadians, you’re more indebted than you think. Statistics Canada is busy re-evaluating economic data going back two decades as part of an effort...

'Canadians Have Become Totally Blase About Debt'

CP | Sunny Freeman, The Canadian Press | Posted 11.24.2012 | Canada Business

TORONTO - A new poll suggests that most Canadians are quite comfortable with using debt as a financial strategy — at a time when debt loads have ris...

Should We Stop Encouraging Home Ownership?

CBC | Posted 11.24.2012 | Canada Business

Home ownership is often connected to the notion of living the "American dream." But it is as much a part of Canadian identity as it is in the U.S. ...

Consumer Debt Could Tip Canada Into Recession: Report

CP | Sunny Freeman, The Canadian Press | Posted 11.06.2012 | Canada Business

TORONTO - There is more than a 20 per cent risk of Canada falling into a second recession — and though much of that risk comes from outside our bord...