Household Debt Canada

Household Debt Hits All-Time High

CP/HuffPost Canada | Alexandra Posadzki, The Canadian Press | Posted 12.15.2014 | 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 12.08.2014 | 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 12.03.2014 | 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 12.01.2014 | 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,...

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...