Canadians say debt repayment was a top priority in 2013 but a CIBC poll shows nearly half have not reduced their debt from a year ago, with 21% reporting they owe even more now.
The average bankrupt Canadian is older and has growing debt.
Spending has grown more than three times the rate of population over the past 12 years in Canada's three largest cities -- Toronto, Montreal and Vancouver -- and in Canadian municipalities overall, according to a Canadian Federation of Independent Business (CFIB) report.
In July, a CIBC poll revealed a startling 59% of Canadian retirees are in debt. What’s most concerning is that only two years ago, that number was closer to 40%.
It seems Governor Mark Carney's repeated warnings on debt have finally hit home because 55% of homeowners have less debt than they did last year.
In 1997, a young customer tried to impress his Valentine with a fancy French dinner, but couldn’t pay his bill.
We can all agree that KYC is important. But many of you may be surprised to hear that many of your KYCs are vastly inaccurate, at least in one place. That’s not because you aren’t doing what you’ve been taught to do, but because you aren’t doing what you haven’t been taught to do. I’m […]
The U.S. Congressional Budget Office has predicted total student loan inflows will be $50.6 billion by the end of the fiscal year.
Fans of the TV show Friends will enjoy a new quiz set by GoBankingRates that matches your money management skills with the sitcom's characters.
Since the financial crisis, U.S. households have reduced their outstanding debt by about $1.3 trillion, reports the New York Federal Reserve Bank. Read: Boomers risk straining finances to support adult children This includes a reduction in mortgages and credit card debt. In fact, credit card debt fell $1.7 billion to $846 billion from February to […]