Household 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...

Consumer Debt Jumped 7.7% Last Year

CP | Posted 03.03.2015 | Canada Business

TORONTO — Consumers are continuing to pile on debt despite economic uncertainty created by the sharp drop in oil prices. Credit monitoring agency...

More Than A Quarter Of Canadians ‘In Debt Denial'

The Huffington Post Canada | Daniel Tencer | Posted 03.02.2015 | Canada Business

As consumer debt continues to expand, a new study finds many Canadians have a rosier view of their debt situation than they should. Consumer credit...

Poloz Unsure Of Oil Crash's Impact .. But Debt Will Rise

CP | Terry Pedwell, The Canadian Press | Posted 02.24.2015 | Canada Business

LONDON, Ont. - The impact of lower oil prices and how much they will hurt Canada's economy remains unclear, but last month's surprise rate cut gives t...

Canada 2nd Only To Greece In Household Debt Growth

The Huffington Post Canada | Daniel Tencer | Posted 02.05.2015 | Canada Business

Canada one of seven countries at risk Housing downturn could mean 'downward spiral' for economy Condo boom may be driving up debt Canad...

..And Here Comes The Latest Mortgage Rate War

The Huffington Post Canada | Daniel Tencer | Posted 01.26.2015 | Canada Business

In the days after the Bank of Canada surprised everybody with a cut to the key lending rate last week, everyone was wondering whether mortgage rates w...

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...

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...

BoC: Houses Overvalued, Risky Lending Now A Problem

CP | Posted 12.10.2014 | Canada Business

OTTAWA — The Bank of Canada says housing prices could be overvalued by as much as 30 per cent, but governor Stephen Poloz maintains the country's st...

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' Debt Levels 'Unsustainable,' Fitch Ratings Warns

CBC | Posted 02.07.2015 | Canada Business

Canadian levels of consumer debt, especially mortgage debt, were termed “unsustainable” by ratings agency Fitch in a report that gives a negative ...

These Are The Best Credit Cards In Canada

The Huffington Post Canada | Daniel Tencer | Posted 12.04.2014 | Canada Business

Picking the right credit card “can be a powerful financial tool,” according to interest rate comparison site RateSupermarket. It all depends on...

Sliding Oil Prices, Household Debt Top Bank Of Canada's Worries

CP | Andy Blatchford, The Canadian Press | Posted 02.02.2015 | Canada Business

OTTAWA - Bank of Canada governor Stephen Poloz is keeping the trend-setting interest rate at one per cent, even as Canada's recent economic performanc...

Canadians' Plans To Use Home Value For Retirement 'Pretty Concerning'

CP | David Friend, The Canadian Press | Posted 01.31.2015 | Canada Business

TORONTO - Canadians may dream of retiring debt-free, but research done for Manulife suggests nearly 20 per cent of homeowners expect to lean on the va...

Moody's Frets About Canada's 'Particularly Inflated' Housing

CP | Andy Blatchford, The Canadian Press | Posted 12.20.2014 | Canada Business

OTTAWA - Canada is maintaining its triple-A credit rating thanks to a steady economic outlook, but the country also faces potential risks amid mountin...

Good News On Canadian Mortgages

CP | The Canadian Press | Posted 12.15.2014 | Canada Business

TORONTO - A new report suggests that Canadian homeowners are paying down their mortgages faster than they're being given credit for.CIBC deputy chief ...

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.

Sunny Freeman

How CMHC Put Taxpayers On The Hook For Half A Trillion In Mortgages

HuffingtonPost.com | Sunny Freeman | Posted 10.09.2014 | Canada Business

When business professor Ian Lee asked a taxpayer-funded, multibillion-dollar insurance scheme for information about the risks in its portfolio, his re...

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...

Canada's Poorest See Net Worth Plunge 150%

The Huffington Post Canada | Daniel Tencer | Posted 09.11.2014 | Canada Business

Those rosy reports about Canadians’ net worth growing and the country's middle class being among the richest in the world are masking growing inequa...

Canadians' Debt Soars .. But We're Paying It Off

CP | The Canadian Press | Posted 11.04.2014 | Canada Business

TORONTO - Credit monitoring agency Equifax says Canadians racked up more debt in the latest quarter, driven by mortgages and higher instalment loans.D...

Canadians' Wealth, And Debt, Hit New Highs

The Huffington Post Canada | Posted 08.11.2014 | Canada Business

Canadian households' net worth jumped by 7.7 per cent on average over the past year, mostly due to rising house prices and the recent bull run in the ...

These Canadians Are ‘Particularly Vulnerable' To A Debt Shock

The Huffington Post Canada | Daniel Tencer | Posted 08.07.2014 | Canada Business

The group of people who did the lion’s share of first-time home buying in recent years have racked up far more debt than those who came before them,...