Household Debt Canada

IMF Warns Canada On Housing, Debt

CP | Julian Beltrame, The Canadian Press | Posted 04.08.2014 | Canada Business

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

What Housing Bubble?

CP | Julian Beltrame, The Canadian Press | Posted 03.24.2014 | Canada Business

OTTAWA - The Conference Board isn't buying the notion that Canada's housing market will suddenly crumble, saying the most likely outlook is for a mode...

Debt Delaying Canadians' Lives

CBC | Posted 03.11.2014 | Canada Business

Brittany Verge knew she would have to rely on student loans to pay for post-secondary education after high school. But as a teenager, she didn'...

Why Is TD Bank's CEO Raising Alarm About House Prices?

The Huffington Post Canada | Posted 02.01.2014 | Canada Business

TD Bank CEO Ed Clark has always been more forthcoming with his opinions than some of his colleagues, but his recent comments on Canada’s economy are...

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...

Canadians' Top Financial Priority..

CP | The Canadian Press | Posted 03.05.2014 | Canada Business

TORONTO - Paying down debt remains the top financial priority of Canadians, although a new poll says slightly fewer have made it their top pick compar...

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.

Will Debt-Laden Canadians Pull Back On Borrowing? Um..

CP | Will be writethru. Moves Business and National., The Canadian Press | Posted 02.18.2014 | Canada Business

TORONTO - Credit-monitoring agency TransUnion says the non-mortgage debt of Canadians is likely to set a record next year.In its first such annual for...

Household Debt Hits All-Time High

CP | Julian Beltrame, The Canadian Press | Posted 02.12.2014 | Canada Business

OTTAWA - Household debt in Canada hit a new all-time high in the just completed third quarter, but the tiny increase from the previous quarter suggest...

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 | 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. ...

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 ...

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...

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...

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.

Debt-Loving Canadians Saved The Economy: Poloz

CP | Romina Maurino, The Canadian Press | Posted 08.19.2013 | Canada Business

BURLINGTON, Ont. - Bank of Canada Governor Stephen Poloz says Canadian consumers did their part for the economy by borrowing the country through the w...

Shocking Number Of Canadians Can't Accumulate Wealth

CP | LuAnn LaSalle, The Canadian Press | Posted 07.22.2013 | Canada Business

MONTREAL - Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a n...

Sunny Freeman

Are Bankrupt Seniors Canada's Future? | Sunny Freeman | Posted 05.06.2013 | Canada Business

“Pre-retirement” Canadians aged 50 to 59 are taking on an alarming amount of debt and are most at risk of bankruptcy, according to a new study tha...

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...

Mortgage War Over? BMO Bails On Rock-Bottom Rate

The Huffington Post Canada | The Canadian Press | Posted 05.26.2013 | Canada Business

TORONTO - Bank of Montreal will end a controversial low mortgage rate at the end of this week, when the limited-time offer runs out.The bank (TSX:BMO)...

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...

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...

Mortgage Rates Fall Off A Cliff; Will Housing Market Follow?

The Huffington Post Canada | Daniel Tencer | Posted 03.11.2013 | Canada Business

Finance Minister Jim Flaherty thanked Canada's banks on Friday for not lowering mortgage rates to match BMO's recently announced rock-bottom offer. ...