Households in British Columbia, Ontario, and Alberta, are ranked as the most vulnerable
The number of clients who are retiring with mortgages and large credit card bills is increasing. The solution lies in planning and client/advisor communication
For many clients, debt is a serious problem. And whether you choose to work closely with indebted clients or refer them to a credit specialist, the long-term solution lies in promoting financial literacy
Even with the jump in overall household debt levels, delinquency rates continue to decline
Canadians owe nearly $1.65 in credit market debt for every dollar of disposable income
Although many Canadians are focused on debt repayment, there’s much you can do to ensure they take saving for retirement seriously
Home purchases, home renovations and education expenses are among the major contributors to Canadian household debt
Although many Canadians believe they’ll be debt free by the time they reach retirement, they need to strike a balance between both responsibilities
Impulse spending and going over budget are among the financial decisions Canadian consumers regret
Lower price of oil, sharp increase in interest rates both globally and in Canada and financial stresses in Europe or emerging economies also present risks