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Canadian Bankruptcies Jump At Fastest Pace Since Financial Crisis
5/14/2019 | Posted in Financial Health by Paul DeAdder
Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More
Household debt to have knock-on effect upon banks, economy
4/29/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canadians now owe an average of $1.79 for every dollar of disposable income.
... MoreMortgage delinquencies on the rise
3/6/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
More Canadians are running into serious issues with their mortgage payments according to a new report.
... MoreWhy Canadians are suffering a bankruptcy spike
2/25/2019 | Posted in Interest Rates by Paul DeAdder
The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even ... More
More people are going broke in Canada as interest rates rise
1/9/2019 | Posted in Financial Health by Paul DeAdder
It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.
... More