Canadian Household Debt

More Debt? No Problem

CP | Linda Nguyen, The Canadian Press | Posted 01.25.2014 | Canada Business

TORONTO - Canadians are carrying more debt now than a year ago, but it seems like many have a better handle on paying it back, says a newly-released s...

We've Never Owed So Much

CP | Posted 10.02.2013 | Canada Business

OTTAWA — Canadian household debt climbed to a new high in the second quarter, turning around after creeping lower for two quarters, according to Sta...

$27,131 In Debt -- And That's Not Including Mortgages

CP | Posted 08.28.2013 | Canada Business

TORONTO — The average Canadian had $27,131 of consumer debt in the second quarter, a new study suggests. That's $910 higher compared to the same ...

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...

Flaherty Shut Down Record-Low Mortgage Rate: Report

The Huffington Post Canada | Posted 03.19.2013 | Canada Business

Finance Minister Jim Flaherty successfully pressured Manulife Bank of Canada to withdraw a record-low mortgage rate, The Globe and Mail reported Tuesd...

How Your Going Broke Could Break Canada

Doug O. Jones | Posted 04.24.2013 | Canada Business
Doug O. Jones

In a country that prides itself on its social safety net, one could argue that the current personal debt story is really a story of an endangered future for the things we hold dear as a society. Will debt-ridden Canadians be supportive at election time of paying more in taxes to maintain universal health care?

Canadians' Debt Grows At Breakneck Speed

CP | The Canadian Press | Posted 04.07.2013 | Canada Business

TORONTO - A new report says the level of Canadian consumer debt at the end of 2012 — not counting mortgages — was up nearly six per cent from a ye...

Canadians Scared Straight About Their Debt: Report

CP | Linda Nguyen, The Canadian Press | Posted 03.26.2013 | Canada Business

TORONTO - Canadians are paying off their debts faster, with the number of those more than three months behind on loan payments dropping to a record lo...

Forever In Debt

The Huffington Post Canada | Sunny Freeman | Posted 01.14.2013 | Canada Business

TORONTO — As Canadian officials issue repeated warnings about the perils of overborrowing amid troubling consumer debt levels, one quarter of respon...

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...

Household Debt Keeps Getting Deeper

CP | The Canadian Press | Posted 08.06.2012 | Canada Business

TORONTO - A new bank study suggests the average Canadian household is more than $100,000 in debt and that Canadians have ramped up borrowing in the pa...

Rachel Mendleson

Dear Canadians: Rein In Your Debt, Or Someone Else Will

HuffingtonPost.com | Rachel Mendleson | Posted 01.06.2012 | Canada Business

TORONTO -- Record high Canadian household debt levels will factor into how the economy shapes up in 2012, leading to a slowdown in consumer spending o...

Canadians Not Worried About Their Debt Levels: Poll

CP | Posted 11.15.2011 | Canada Business

TORONTO - Two seemingly contradictory reports evaluating national debt levels tell the same stark truths about the rising severity of the financial st...

Canadians May Be In Debt Longer Than They Think: Poll

CP | Posted 10.29.2011 | Canada Business

TORONTO - If experience is any indication, many Canadians could find themselves in debt years longer than they originally expected, according to a new...

Worse Than Last Time? Canada 'Highly Exposed' To U.S. Recession

The Globe and Mail | Posted 10.24.2011 | Canada Business

As worries about another U.S. recession mount, Canada's economy is highly exposed to any downturn and is less equipped to fight a slump than it was th...

Who's In More Debt: Canada Or The U.S.?

The Huffington Post Canada | Posted 10.10.2011 | Canada Business

The U.S. is going through a historic debt crisis, but Canada's economy also faces an uncertain future. While the American government raised the debt c...

Canadians' Debt Hits Record $1.5 Trillion

CP | Posted 08.14.2011 | Canada Business

THE CANADIAN PRESS -- OTTAWA - The TD Bank says Canadians can expect borrowing costs to remain near record lows for the rest of the year. That's be...