Increased HELOC use could lead to higher insolvencies: Equifax
Overall consumer debt now stands at $2.15 trillion
- By: IE Staff
- August 31, 2021 August 31, 2021
- 14:20
Overall consumer debt now stands at $2.15 trillion
Emergencies would negatively impact most people's finances
Canada's job vacancy rate reached 5% with unfilled positions in hospitality and retail
Driving the drop were declines in home resale activity and exports
The frenzied pace of sales is starting to slow across the country
The firm added a U.S. TIPS bond index ETF and emerging markets ETF to its lineup
One weak area was application processing for prospective mortgage brokers and insurance agents
The S&P 500 has registered more than 50 all-time highs this year
Taking population growth into account, CIBC says Canada's employment gap is around 650,000
People who lost DTC eligibility under now-changed rules had to close their RDSPs and repay $34.4 million in grants and bonds
The latest reading could be supportive for the Canadian dollar
The SEC has awarded US$2.6 million to an assortment of whistleblowers
Regulators concerned about blurring lines between engagement and advice
'Hot print' from Micron Technologies boosted enthusiasm for tech stocks, says portfolio manager
Central bank sees slowdown in wage gains from collective agreements
Rise in benchmark short-term rate to 0.75% is aimed at curbing inflation
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Execs that previously pleaded guilty in fraud case accept regulatory sanctions
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
QAFP exam has one more sitting before title protection transition ends
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record