Finance Minister Jim Flaherty is sounding the alarm over indications that global policymakers are moving away from austerity measures, the Financial Times reports.
House Republicans are considering a new strategy in the run-up to the next debt-ceiling showdown, reports the Financial Times.
Canadians are buried under a heap of consumer debt which exceeds $477 billion, says Statistics Canada. Not surprisingly, the number of bankruptcies is ticking higher.
More than half of Canadians say they planned to reduce their debt, but only 23% have been successful, finds PwC.
The BoC has serious concerns about the lending habits of credit card companies.
High-yield companies are issuing bonds at record pace.
Total consumer debt in Canada has ticked higher year over year, but serious consumer delinquencies are at an all-time low, finds Equifax Canada’s March Consumer Credit Trends Report. There was moderate growth in total consumer indebtedness, excluding mortgage debt, year-to-date through March 2013 with an increase of 3.9% to $500.8 billion from $497 billion during […]
Pimco’s Bill Gross has strongly criticized Britain and eurozone for trying to reduce debt quickly by way of extreme austerity measures. He cautions that the move has fundamental flaws and can stifle their economic recoveries, reports FT.com. Gross’ contention is supported by the IMF which also argues that some countries in the developed world are […]
Barely a couple of months after being downgraded, credit rating of the U.K. got yet another hit Friday as Fitch Ratings followed Moody's Investors Service to cut the country’s AAA rating.
Large lenders are taking advantage of the recent decline in benchmark borrowing costs by tapping into U.S. debt.