Apr
08
2013
The Royal Bank shared recently that February marked the slowest year-to-year growth in Canadian household debt in more than a decade. The deceleration of borrowing is a step in the right direction in adherence to the Bank of Canada’s...
Mar
25
2013
Canadians with mortgages have significant equity in their homes, averaging about 66 per cent of the home’s value, according to the Canadian Bankers Association. For those who are struggling with paying their bills, using their equity in their homes may...
Mar
18
2013
Have you heard this before but are not quite sure how to control spending? It may not be an easy and quick process but it comes with rewards. There is a strategy to help you track spending and save...
Mar
04
2013
March marks the month associated with Basketball (March Madness finals) and the month when we prepare our taxes, purchase RRSP’s and take stock of how we are doing financially. Since you started this year, how do you stand financially? ...
Feb
25
2013
The political parties of the Canadian government are attempting to stop Canadians from taking on so much debt. The Liberal government has proposed some changes that will effectively safeguard Canadians from unscrupulous debt settlement companies. Now Tim Hudak’s Progressive...
Feb
18
2013
The government of Ontario and PEI are in the process of revoking the license within its province of Cash Store Financial Services (one of the biggest cash advance stores in the country). Payday lenders provide customers with short-term cash, and...
Feb
11
2013
A new report from credit agency, TransUnion, is reporting the level of Canadian consumer non-mortgage debt at the end of 2012 is up nearly six per cent from a year earlier. This puts Canadian consumer debt level at its...
Feb
04
2013
Now that we know we’re in for a longer winter (no surprise there Mr. Groundhog), I hope you all have good winter tires on your cars and an emergency kit in your trunk. Canadian winters can be pretty harsh...
Jan
30
2013
The Bank of Canada just announced the new ratio of household debt to income is at 165%. That means people are spending 65% more than what they earn. Poor credit is a concern to consumers who overspend and have...
Jan
18
2013
According to a recent survey conducted by Harris/Decima, almost half of Canadians who have credit card debt, say they always or often carry an outstanding balance. (more…)
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