Will your client’s cash-flow plan hold up during the holiday buying frenzy? An impressive two-thirds of Canadians (66%) say they prepare a budget for holiday shopping, reveals a survey by Equifax Canada. But planning that budget and sticking to it may be two different things — especially if clients are filling orders for Santa. Households […]
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Canada's private sector, in our view, is essentially tapped out.
Thanks to recurring deficits and infrastructure spending, Quebec's public sector debt is fast approaching a record $280 billion.
Air Canada has completed its private offering of $200 million of 4.75% corporate bonds due 2023 (the 2016 bonds) and the closing of its previously announced US$1.1 billion new credit facility. The latter comprises a US$800-million term loan maturing in 2023 and a new, undrawn US$300-million revolving credit facility expiring in 2021. Together with the […]
Many Canadians find it relatively difficult or very difficult to save. Find out why.
Record-low interest rates are encouraging for investors thinking about borrowing cash to invest in the stock market. Advisors should oversee any of these so-called “smart debt” strategies, says Talbot Stevens, author of The Smart Debt Coach. Stevens tells Advisor.ca that he estimates the level of borrowing to invest is about 10% of what it was […]
Sheila Bair, former chair of the FDIC, confronted bankers and lobbyists who resisted tougher regulation many times during her five-year tenure. Now, she foresees another crisis.
China’s large debt is growing and posing a risk to the global economy, according to data from the Bank for International Settlements (BIS). BIS measures the credit-to-GDP gap, defined as the difference between the credit-to-GDP ratio (corporate and household debt) “and its long-run trend.” The BIS says the measure is “a useful early warning indicator […]
Canadian household debt reached a record in Q2, surpassing the previous quarter's record.