Household Debt Canada

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

CP | Andy Blatchford, The Canadian Press | Posted 10.20.2014 | 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 10.15.2014 | 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 10.07.2014 | 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,...

The Surprising Province That Has Canada's Most Indebted People

The Huffington Post Canada | Daniel Tencer | Posted 08.05.2014 | Canada Business

Canadians increased their debt burdens by about six per cent over the past year, according to a new survey from BMO, but when it comes to owing money,...

Richest Get Way Better Bargains On Housing Than The Rest Of Us

The Huffington Post Canada | Daniel Tencer | Posted 07.24.2014 | Canada Business

Canadian Business released its latest ranking of Canada’s wealthiest neighbourhoods this week, complete with average income and average house prices...

Bank Of Canada Hints At Major Change On Interest Rate Policy

The Huffington Post Canada | Sunny Freeman | Posted 07.17.2014 | Canada Business

Bank of Canada governor Stephen Poloz says low interest rates may become the “new normal” as Canadians have taken on so much debt that any rate sp...

Sunny Freeman

Majority Of Canada's Mortgage Lenders Worried About A Bubble: Report

HuffingtonPost.com | Sunny Freeman | Posted 07.08.2014 | Canada Business

Seven in ten Canadian mortgage lenders are concerned the country’s real estate sector is headed toward an unsustainable bubble that could burst at a...

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...

Here's What's Keeping The Bank Of Canada Up At Night

CP | Julian Beltrame, The Canadian Press | Posted 08.12.2014 | Canada Business

OTTAWA - The Bank of Canada continues to sound the alarm about the country's housing market, adding the risk of failures in the Chinese financial syst...

Why Those Reports About Canada's Healthy Economy Feel Like BS

The Huffington Post Canada | Daniel Tencer | Posted 05.20.2014 | Canada Business

There is a wide disconnect between the data about Canada’s economic strength and how Canadians actually feel about the economy, says a new consumer ...

'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...

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...

What Housing Bubble?

CP | Julian Beltrame, The Canadian Press | Posted 05.24.2014 | 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 05.11.2014 | 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.