CEO confidence is lagging in the United States, a worrisome trend as the mood in the corner offices of America’s big firms has historically been a very good predictor of employment growth.
Canada’s economic recovery is tenuous and its job market tough, but that’s no reason for Canadians to give up hope for their year-end bonuses.
Saving more, spending less, and trimming debt will continue to remain the main focus for Canadian consumers in 2013, according to the RBC Canadian Consumer Outlook. The study finds one in three Canadians (31%) are planning to focus on reducing their debt, 26% on spending less, 25% on saving or investing more, and another 20% […]
Over the past five years, Canadian consumer debt has risen 53%, finds the Credit Counselling Society. Read: Cdns in more debt than expected: StasCan The majority of this increase happened in the two years after the economic crisis. Since then, the numbers have continued to climb, and show no signs of improvement. “On average, clients […]
Contrary to what the current debt-to-income ratio suggests, Canadians have the right mindset when it comes to dealing with their mortgage debt. Eager to leave their mortgages behind, almost three-quarters (72%) of Canadians are taking at least one step to becoming mortgage-free quicker, finds a recent Scotiabank poll. Read: Canadians rely on property to fund […]
Forget Caribbean cruises or golfing vacations in Dubai, most Canadians saving for retirement are aiming for a comfortable life when they do get there. However, many are not confident they will save enough to achieve this, finds a BMO Retirement Institute report. Titled Home Sweet Home or Retirement Nest Egg, the study also reveals one-third […]
One-third of Canadians admit winning the lottery or receiving a large inheritance is part of their plans for a secured financial future, finds a survey by Credit Canada Debt Solutions and Capital One Canada. “Canadians need to recognize that there is no magic solution to gaining control of their finances,” says Laurie Campbell, CEO, Credit […]
Advisors say they already do debt and cash-flow planning. I don't agree.
Most men and women have different approaches to finances and investing. And it seems the same is true whern it comes to managing household debt.
Canadians spend an average of $306 per month on unplanned purchases and splurges, finds a Scotiabank poll. These add up over time, and can include a random night out, buying clothes while window shopping, or picking up a latte. Read: Canadians spend thousands on impulse buys “Planning for unplanned spending can be as easy as […]