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Household Debt Canada

Shocking Number Of Canadians Can't Accumulate Wealth

CP | LuAnn LaSalle, The Canadian Press | Posted 05.22.2013 | 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?

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...

Mortgage War Over? BMO Bails On Rock-Bottom Rate

The Huffington Post Canada | The Canadian Press | Posted 03.26.2013 | 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. ...

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...

Sunny Freeman

Why Canada's Economy Could Linger In Limbo For A Long Time

HuffingtonPost.com | Sunny Freeman | Posted 02.28.2013 | Canada Business

Help wanted: The Canadian economy seeks a new driver of economic growth. The position must be filled immediately to replace sectors – housing, co...

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...

Pie-in-the-Sky Resolutions Won't Get You Out of Debt

Jeffrey Schwartz | Posted 03.05.2013 | Canada Business
Jeffrey Schwartz

Instead of making unrealistic and lofty resolutions this year, start 2013 off on the right foot by committing to a personal financial goal, and create a plan to achieve that goal.To help you get started on the road to financial health, try some of these proven methods to tackle debt, and make your 2013 financial goals a reality.

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...

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...

Housing Market Diving? Mission Accomplished!

CP | Posted 12.03.2012 | Canada Business

OTTAWA — Finance Minister Jim Flaherty is not worried about a housing collapse, saying he is happy he has helped cool the market with the latest rou...

This Is A Financial Plan, According To 1/3 Of Canadians

CP | The Canadian Press | Posted 12.30.2012 | Canada Business

TORONTO - One-third of Canadian respondents to a new survey admit their financial plans include counting on a future injection of good luck, either by...

Our Housing Crash Won’t Be Like America’s: CIBC

CP | Posted 12.30.2012 | Canada Business

TORONTO - The news out of Canada's real estate market isn't good, but the country will avoid a U.S.-style real estate meltdown, CIBC said Tuesday. ...

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...