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Housing is Canadians' biggest asset and biggest debt.
When it comes to debt, what goes up must be paid down.
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“It’s clear that people are nowhere near prepared for a higher rate environment."
A new warning says Canadians couldn't handle substantial interest rate hikes, just as rates are hiked.
The housing slowdown in Toronto means Canadians, overall, aren’t getting any richer.
Even Canadians without debt would feel the pinch from a credit crisis.
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"We're all a little vulnerable right now, here in Canada."
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The Bank of Canada may want to think twice before starting to raise interest rates.
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Canada stands alone today in risking a debt-fuelled financial crisis.
Beware rising interest rates.
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Canadians owe $1.67 in debt, on average, for every dollar of disposable income.
Economists fear Canada's debt loads could soon burn the economy.
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The Bank of Canada says Canadians' debt is getting riskier, but delinquencies are falling.
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The international bank is raising the alarm about a possible housing market correction in Canada.
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"Continued growth in Canadian consumer debt and elevated housing prices leaves consumers, and Canadian banks, more vulnerable to downside risks."
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Nearly as many regret the debt they've taken on.
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The Ontario government just announced a pilot project to test a basic income for low-income earners in Hamilton, Brantford, Lindsay and Thunder Bay. Will the program be successful? I have no idea. The answer will, in large part, depend on what will be measured.
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But that could be good news for indebted households.
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We have $1.67 in debt for every dollar of disposable income in this country.
Consumer-driven economic growth is unsustainable, BIS warns.
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I knew that buying a Bed and Breakfast meant learning to love household chores and maintenance even more than guest service. The truth is that most of my time is spent on tiny tedious tasks that could...
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With house prices soaring in some Canadian markets, homebuyers are desperate to get as large a mortgage as they can. But that is precisely why they shouldn't listen when their lender pushes a variable-rate loan on them.
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House prices in Canada’s hottest cities are soaring, but the pressure to buy a home remains.
Debt is necessary for households to build assets and improve human capital while for the government, it facilitates government investment in the society. Debt helps companies to grow and develop. However, excessive debt held by households, companies or the government may create potential financial or economic instability.
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If a bank can trust a lender, so can the government, she said.
The Bank of Canada has started using visual aids to scare people off of borrowing more.
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Oil-exporting parts of the country have it worst.
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More than one out of eight homeowners has no rainy day fund.
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And it's not just mortgages.
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Toronto and Vancouver are the "most vulnerable" markets, NBF says.
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Canadian consumer debt is growing a lot faster than Canadian incomes.
You're not alone when it comes to money.