Debt Canada

Canadian Household Debt Hits Record High, Again

CP | Posted 03.12.2015 | Canada Business

OTTAWA - Statistics Canada says the ratio of household debt to disposable income hit a new high in the fourth quarter as incomes increased at a slower...

As Canadians Search For Way Out Of Debt, BoC Drags Them Back In

The Huffington Post Canada | Daniel Tencer | Posted 01.27.2015 | Canada Business

The Bank of Canada last week unexpectedly lowered its key lending rate, in the hope of stimulating an economy sucker-punched by falling oil prices. Th...

Interest Rate Cut Buys You Some Breathing Room, Not A New House

CP | By Ross Marowits, The Canadian Press | Posted 01.22.2015 | Canada Business

MONTREAL — The Bank of Canada's surprise interest rate cut may provide some financial relief for borrowers, but experts say the main focus of Canadi...

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...

Canada's Catch-22: Bankruptcies Could Soar If Economy Improves

The Huffington Post Canada | Daniel Tencer | Posted 12.09.2014 | Canada Business

There is a Catch-22 in Canada’s economy, which is this: When things get good again, it will cause things to go bad. That’s because Canadians ha...

Canadians' Non-Mortgage Debt Jumps

CP | Posted 12.03.2014 | Canada Business

TORONTO -- Canadians continue to pile on debt and now collectively owe more than $1.5 trillion excluding mortgages, according to the latest figures fr...

Forget Housing, This Is The Bubble Moody's Is Warning Canada About

The Huffington Post Canada | Posted 10.23.2014 | Canada Business

A major international ratings agency sees irrational exuberance in Canada for auto loans, and that could mean trouble for Canadian banks and consumers...

Four Bits of Personal Finance News Canadians Can Be Thankful For

Jeffrey Schwartz | Posted 12.07.2014 | Canada Business
Jeffrey Schwartz

There are some serious concerns about household debt in Canada. But as families put the final touches on their Thanksgiving plans, I thought it would a great time to point out some things that are good about personal finances in Canada. Here are four bits of personal finance news we should be thankful for.

Risk Of A New Financial Crisis Growing, And Canada Is In Crosshairs

The Huffington Post Canada | Daniel Tencer | Posted 10.02.2014 | Canada Business

The world is facing a “poisonous combination” of low economic growth and low inflation that could cause another financial crisis, according to the...

TD CEO: We Need Tighter Mortgage Lending Rules

CP | Posted 09.16.2014 | Canada Business

TORONTO - TD Bank chief executive Ed Clark says the federal government needs to do more to ensure Canadians aren't taking on more debt than they can h...

Huge Portion Of Canadians Say Mortgages Aren't Debt

The Huffington Post Canada | Daniel Tencer | Posted 07.02.2014 | Canada Business

Nearly half of Canadians don’t see their mortgage as being debt, according to a survey from Manulife. The survey of more than 2,300 Canadians fou...

'Economically Stressed' Canadians Behind Target's Struggles: Report

The Huffington Post Canada | Daniel Tencer | Posted 05.13.2014 | Canada Business

Canadian consumers appear to be more “financially stressed” than Americans and that may be part of why Target has unexpectedly struggled in its ex...

Student Debt Is Canada's Debt

Craig and Marc Kielburger | Posted 06.16.2014 | Canada Impact
Craig and Marc Kielburger

This month, Canadian students finish exams and begin hunting for summer jobs. A student working the counter at Taco Bell for minimum wage would have to work eight hours a day, seven days week, for almost the entire summer to cover tuition, never mind the cost of specialized or technical degrees. Students have a responsibility to work and pay for at least some of their education. Also a responsibility, when choosing their college or university program, to think about whether they are choosing a field of study where there is a real demand for jobs.

IMF Warns Canada On Housing, Debt

CP | Julian Beltrame, The Canadian Press | Posted 06.08.2014 | Canada Business

OTTAWA - The International Monetary Fund has again upgraded its projection for Canada's economy, but the latest outlook from the international financi...

Why One in Six Canadians Will Eventually Go Bankrupt

Douglas Hoyes | Posted 03.15.2014 | Canada
Douglas Hoyes

With low interest rates our average debt service ratio is at record lows. In 1990 Canadians used over 11 per cent of their disposable income to pay interest on their debt; today we only need 7 per cent of our income to pay interest. All is good. Or is it?

Duped Into High-Interest Loans

CBC | Posted 03.11.2014 | Canada Business

Several dozen Canadians who have high interest car loans from TD have contacted Go Public, claiming they were deceived by dealers into believing the ...

Is Debt the New Addiction?

Tim Paziuk | Posted 02.18.2014 | Canada Business
Tim Paziuk

Have we become a society addicted to debt? Based on some recent surveys, I would have to conclude that the answer is yes. Debt has become an acceptable fact of life in our society. Can you live without borrowed money? If not, you may be living on borrowed time.

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...

Sunny Freeman

Bad News And More Bad News About Canadians' Debt

HuffingtonPost.com | Sunny Freeman | Posted 10.29.2013 | Canada Business

Canadians’ debt loads have grown 21 per cent in the past year, and more consumers are running into the red, according to Royal Bank’s debt poll. ...

Should Our Debt Be Treated Like Our Productivity Gap?

Doug O. Jones | Posted 11.24.2013 | Canada Business
Doug O. Jones

The financial press in Canada has been identifying our deficient economic productivity for several years now. In 2012, the Financial Post ran a column entitled "Canada's productivity gap is looking worse than ever. There may be opportunities to influence our growing debt problems in the country through programs comparable to those used to stimulate our economy's productivity. If tax credits and other incentive programs can be formulated to help stimulate our productivity gap, are there similar policies that could find ways to help those looking to start their own business, create jobs and directly impact the economy and productivity?

Is Going to University a Waste of Money?

Douglas Hoyes | Posted 11.15.2013 | Canada Business
Douglas Hoyes

Is college or university a waste of money? For some people it is, for others it is a great investment. The point is that you should crunch the numbers and carefully consider your decision up front, so many years from now you are not looking back wondering how you will ever pay off that massive student loan.

$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 ...

Canadians' Debt Burden Spikes

CP | Julian Beltrame, The Canadian Press | Posted 10.26.2013 | Canada Business

OTTAWA - Canadian households have returned to their free-spending ways and seniors have joined the party lately by borrowing to finance their post-ret...

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...

Bank Of Canada's New Governor Is No Mark Carney

Daniel Tencer | Posted 08.19.2013 | Canada Business
Daniel Tencer

Canada's new top central banker is no Mark Carney. That became clear on Wednesday, when Stephen Poloz, lauded the Canadian consumer for carrying the country through the global economic crisis of recent years. His comments so far suggest he isn't too worried about Canada's burgeoning consumer debt burden -- and that's a problem.