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Consumer Debt Canada

Sunny Freeman

Are Bankrupt Seniors Canada's Future?

HuffingtonPost.com | 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...

Consumer Debt In Canada: How Startups Can Fix Canada's Debt Problem

David Feller | Posted 04.01.2013 | Canada Business
David Feller

The banks aren't going to innovative. It wasn't Blockbuster that disrupted the movie rental business. It wasn't the record companies that revolutionized the music industry's business model. If we're going to find a solution, we need more startups introducing compelling alternatives.

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...

Canada’s Economy Will Stagnate For Years: BMO

The Huffington Post Canada | Posted 03.08.2013 | Canada Business

Canada’s economy has outperformed the U.S. for five years, but Canadians better prepare themselves for an equally long period of underperformance, s...

Canada Retail Sales Plummeted Over Holidays: StatsCan

The Huffington Post Canada | Daniel Tencer | Posted 02.22.2013 | Canada Business

Retail sales over the crucial holiday season plunged a much larger than expected 2.1 per cent, Statistics Canada reported Friday. Economists had be...

How Your Going Broke Could Break Canada

Doug O. Jones | Posted 04.24.2013 | Canada Business
Doug O. Jones

In a country that prides itself on its social safety net, one could argue that the current personal debt story is really a story of an endangered future for the things we hold dear as a society. Will debt-ridden Canadians be supportive at election time of paying more in taxes to maintain universal health care?

Canadians' Debt Grows At Breakneck Speed

CP | The Canadian Press | Posted 04.07.2013 | Canada Business

TORONTO - A new report says the level of Canadian consumer debt at the end of 2012 — not counting mortgages — was up nearly six per cent from a ye...

Canadians Busy Saving Money For All The Wrong Things

CP | Posted 02.04.2013 | Canada Business

MONTREAL -- An online poll has found that Canadians were planning to save almost $10,000 this year, but 66 per cent say they're tucking the money away...

Canadians Scared Straight About Their Debt: Report

CP | Linda Nguyen, The Canadian Press | Posted 03.26.2013 | Canada Business

TORONTO - Canadians are paying off their debts faster, with the number of those more than three months behind on loan payments dropping to a record lo...

Sunny Freeman

Holiday Spending Fizzled Because Of Debt: Experts

HuffingtonPost.com | Sunny Freeman | Posted 01.21.2013 | Canada Business

Black Friday and Cyber Monday may be winning over an increasing number of Canadian shoppers, but November retail sales data are expected to show the m...

Forever In Debt

The Huffington Post Canada | Sunny Freeman | Posted 01.14.2013 | Canada Business

TORONTO — As Canadian officials issue repeated warnings about the perils of overborrowing amid troubling consumer debt levels, one quarter of respon...

Forget Retirement, Canadians Just Trying To Pay Off Debt

CP | Posted 01.02.2013 | Canada Business

TORONTO -- Canadians appear less concerned about retirement planning than in years past as they continue to focus on debt reduction as their main fina...

Harper Has A New Year's Resolution For You

CP | Stephanie Levitz, The Canadian Press | Posted 02.20.2013 | Canada Politics

OTTAWA - Prime Minister Stephen Harper has a suggestion for Canadians looking for a New Year's resolution for 2013: go easy on consumer debt.While mos...

Consumer Debt Hits All-Time High, Again

CP | Julian Beltrame, The Canadian Press | Posted 02.12.2013 | Canada Business

OTTAWA - Canadians are more in hock today than ever before, Statistics Canada said Thursday in releasing fresh data on household debt.The new report s...

Does Debt Equal Happiness?

The Huffington Post Canada | Daniel Tencer | Posted 10.22.2012 | Canada Business

Recent data revisions from Statistics Canada showed that Canadians are even more in debt than previously estimated. The average household debt in Cana...

You're More In Debt Than You Think: StatsCan

The Huffington Post Canada | Daniel Tencer | Posted 10.15.2012 | Canada Business

Canadians, you’re more indebted than you think. Statistics Canada is busy re-evaluating economic data going back two decades as part of an effort...

'Canadians Have Become Totally Blase About Debt'

CP | Sunny Freeman, The Canadian Press | Posted 11.24.2012 | Canada Business

TORONTO - A new poll suggests that most Canadians are quite comfortable with using debt as a financial strategy — at a time when debt loads have ris...

UNDER PRESSURE

CP | David Friend, The Canadian Press | Posted 10.26.2012 | Canada Business

TORONTO - Canada's biggest banks have weathered the economic downturn better than their peers, but analysts expect that tightened consumer lending wil...

Mortgage Rates Hit All-Time Lows .. And Why That's Bad News

The Huffington Post Canada | Daniel Tencer | Posted 08.02.2012 | Canada Business

Canada’s fiscal policymakers are working to cool off the country’s overheated real estate market, tightening lending restrictions and warning buye...

We're Still Piling On Debt -- But More Slowly

CP | Sunny Freeman, The Canadian Press | Posted 09.18.2012 | Canada Business

TORONTO - Consumer debt growth was about 30 per cent lower in the second quarter than a year earlier — the biggest slowdown since before the recessi...

Still Piling On Debt At Breakneck Pace..

CP | Sunny Freeman, The Canadian Press | Posted 06.12.2012 | Canada Business

TORONTO - Canadians are continuing to heap on non-mortgage debt, despite warnings about the perils of cheap borrowing from top officials, according to...

As Debt Grows, Canadians Ready To Stop Spending

CP | Julian Beltrame, The Canadian Press | Posted 06.10.2012 | Canada Business

More Canadians acknowledge they may be reaching the upper limits on borrowing, but they have yet to act on it, two new reports suggest.A survey releas...

Rachel Mendleson

Canadians Both Worried And In Denial About Debt: Poll

HuffingtonPost.com | Rachel Mendleson | Posted 03.27.2012 | Canada Business

With policymakers warning about rising household debt levels, a new survey shows that Canadians are both worried about what they owe, and in denial ab...

Guess Which Region Of Canada Carries The Most Household Debt

CBC | Posted 05.23.2012 | Canada Business

Some of Canada's top financial minds have warned that Canadians have been adding too much debt to the household balance sheets over the pa...