You’ve been watching the U.S. Presidential debates, and might be wondering how easy it will be for lawmakers to reduce the deficit.
Caisse centrale Desjardins is issuing $800 million in fixed-rate medium term notes that will mature in four years.
Statistics Canada says households are more in debt than previously thought.
Canadians have been working hard in 2012 to reduce their debt levels. In fact, 26% have no personal debt, up from 22% in 2011, finds RBC. Further, 51% say it’s more important to pay down debt than save or invest in the future, up from 49%. Read: Canadians focused on reducing debt “It’s encouraging the […]
Canadians are alarmingly accepting of debt as a financial strategy. Even though many are carrying record levels of debt, 62% are comfortable with their financial situation, finds a Hoyes Michalos/ Harris/Decima poll. Further, 26% agree their debt levels are higher than one year ago. Read: Debt denial still runs deep Respondents were asked whether they […]
Impeding regulatory changes are forcing European Banks to drastically reduce their exposure to real estate loans. Read: Fitch downgrades 18 banks New rules, which will increase the amount of capital banks are required to hold against commercial property loans, triggered a deleveraging process that could lead to lenders shedding €20 billion ($25.5 billion) worth of […]
Most advisors ignore clients’ debts and cash flow until they become major problems.
Over half of baby boomers (57%) would rather work longer so they can maintain their current lifestyles as they enter retirement, finds a CIBC poll. Further, 24% plan to carry debt into retirement. Of those, 80% will carry debt throughout their entire retirement. This suggests they have no immediate plans to pay it off, and […]
More than half of Canadians say they’re on track to pay off debt in 2012, finds an ING DIRECT survey. Only 23% say they’re nowhere near paying off credit cards and loans. Read: Help clients become debt-free faster Also, 62% say they save money on an annual basis, and 78% save at least $1,000 each […]
Fewer Canadians are living pay cheque-to-pay cheque (47% versus 57% last year), finds Canadian Payroll Association (CPA). And in 2012, 66% were able to increase their savings, up from 40%. Read: Half of Canadians don’t have emergency savings: CIBC But although more people are saving, the rate of savings remains low. Almost half (46%) are […]