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A new warning says Canadians couldn't handle substantial interest rate hikes, just as rates are hiked.
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Forbes magazine joins a growing list of institutions who fear a Canadian debt shock.
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Canadians risk a debt crunch "beyond historical experience" when interest rates rise.
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ATHENS, Greece - Prime Minister Alexis Tsipras is widely expected to reshuffle his Cabinet, following a rebellion within his party over a parliament vote to approve painful austerity measures demanded...
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BRUSSELS - After grueling, often angry negotiations that tested the limits of European unity, Greece struck a preliminary rescue deal with its creditors Monday that should avert an imminent financial...
When it comes to risky banking, Canada and the U.S. may be trading places. The Bank for International Settlements (BIS) has identified Canada as one of a handful of countries whose economies are flash...
TORONTO - A new Harris/Decima poll conducted for CIBC says half of the respondents had been able to reduce their debt level over the past 12 months.It found 71 per cent of the people surveyed national...
One may truly feel for our Minister of Finance, as no one likes to talk and be ignored. Yet, this seems to be an experience Mr. Flaherty knows all too well, as the past year he has repeatedly warned Canadians about their increasing personal debt loads, only to have those warnings tuned out.
TORONTO - A new poll suggests more Canadians are living debt free this year compared to 2011.The annual RBC survey found that 26 per cent of respondents had no personal debt — excluding mortgage debt...
For nearly 20 years, Alan Greenspan was the most powerful banker in the world as chairman of the Federal Reserve Board until 2006. Here, Greenspan speaks with National Post Editor-at-Large, and Huffington Post contributor Diane Francis regarding the eurozone crisis.
MADRID - The interest rate on Spanish government bonds rose sharply on Monday, a sign that investors are becoming more worried about the country's ability to afford mounting debts as its economy shrin...
Most people tend to dislike taxes, but most people also want the benefits of government largess without having to foot the bill. In essence, they want something for nothing. But since the world doesn't work that way, politicians have to find ways to seem to be meeting this irrational desire.
Representatives from the world's leading economies, known as the G20, have finished their meeting in Mexico City with no consensus on Europe's debt crisis. Central bankers and finance ministers from...
OTTAWA - Canada's economy performed relatively well last year, but not enough to displace Germany as the top country in the Group of Seven big industrial nations, the Bank of Montreal says.The charter...