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Tag: Canada

The debt ‘crisis’ in Canada? If your paycheque is $100,000 plus, that means you

May 14, 2015

Source: Theresa Tedesco | May 8, 2015 | Last Updated: May 11 11:50 AM ET More from Theresa Tedesco | @tedescott They are professionals with university degrees, living in thriving economic regions like British Columbia, Alberta and Ontario, and earning at least $100,000 a year. They are also in hock for close to two times […]

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Debt Relief Canada – Mood Darkens in Canada as New Year Kicks Off

January 4, 2013

Canadians have a grimmer view of their country as 2013 kicks off and are less enthused about the performance of the Conservative government led by Prime Minister Stephen Harper, according to new poll results  out Thursday. The annual “Mood of Canada” survey, from Ottawa-based Nanos Research, indicated 48% of respondents think the country is headed in the […]

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Debt Relief Canada – Consumer debt delinquency falls to pre-recession levels

December 14, 2012

    TORONTO – Equifax Canada says delinquencies on consumer debt fell to pre-recession levels during the summer – even though the amount of money owed continued to rise. The credit-monitoring firm says only 1.22 per cent of debts were unpaid after 90 days or more in the July-September quarter. That’s down sharply from 1.37 per […]

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Debt Relief Canada – The borrowing binge: Consumer debt hits eight-year high

November 6, 2012

Despite repeated warnings, Canadians have returned to their borrowing ways, pushing consumer debt levels to a new record high. A report released Thursday by TransUnion shows that the average Canadian’s non-mortgage debt reached $26,221 in the second quarter of 2012, up $192 from the previous quarter. The $26,221 amount is the highest per person debt […]

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Debt Relief Canada – 5 Financial Tips For Young Couples

February 6, 2012

“Young couples should focus on eliminating their debts before they consider purchasing a home, financial experts say. It is also a good idea to have an honest conversation about where each partner stands in terms of income and debt.” For many couples in their 20s or 30s, financial life together evolves much like everyday life, […]

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Debt Relief Canada – 1/3 of retirees still in debt: Statistics Canada

January 10, 2012

Study suggests almost one-third of retired Canadians are in debt CBC News About one-third of retired Canadians are in some form of debt, a report from Statistics Canada suggested Wednesday, throwing cold water on the notion that those in their golden years are debt free. The study from the government agency showed that 34 per […]

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