There’s a little more good news on the household debt front: Fewer Canadians are filing for personal bankruptcy.
While Canadians continue to rack up more consumer debt, there is a ray of hope that the trend may reverse: the rate that we are amassing debt is slowing, according to Equifax Canada's National Credit Trends Report.
Expect 2012 to mark a turnaround in equity markets and for opportunistic investors to reap the rewards. Smart investors will make money.
When it comes to financial planning, younger Canadians are all about debt reduction, not retirement planning, says a new CIBC poll. The study revealed paying down debt is Canadians’ number one financial priority overall in 2012, ahead of managing day-to-day spending and retirement planning. The findings mark a shift in attitude as the new poll […]
Canadians dug themselves a deeper hole in 2011 as household debt rose to record levels.
TD Canada Trust says Canadians have built up something of a financial cushion going into the holiday season, thanks to a penchant for putting extra dollars aside.
Canadians say they are eager to be debt-free, but are missing many opportunities to pay down debt faster, says Manulife Bank.
Recently, I had the pleasure of speaking at the 'Investing in YOU' conference for female advisors held in Vancouver. I do love to talk. My mother used to say if I could figure out how to get paid for talking, I’d be rich.
A home equity line of credit can be an important source of emergency funding, and many Canadians have opted for its flexibility and lower interest rate. But many are not entirely sure of what they have signed up for, according to a survey out today.
Over 600,000 Canadians will struggle to make their mortgage payments if their rates rise by just 1%, according to the seventh Annual State of the Residential Mortgage Market report by the Canadian Association of Accredited Mortgage Professionals (CAAMP).