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
Canada’s total consumer debt climbs to $1.5 trillion in Q1
The average net worth of Canadian families rose 73% between 1999 and 2012, according to Statistics Canada
Study finds middle-income earners, are more likely to be overly dependent on payday and fast cash loans
Savings builder account encourages clients to increase their savings
Consumer credit has been expanding at a robust pace
Lower interest rates, cheaper gas and a strengthening U.S. economy have some Canadians thinking things are just fine
There is a large disconnect between what Canadians believe their debt-to-income ratio is compared to what it likely is
TransUnion reports rise in line of credit and installment loan balances
Some heavily indebted households are at elevated risk of default