Modest declines in the debt ratio may not be enough to prompt the Bank of Canada to drop its mild tightening bias
University study finds income projections can boost saving rates among employees
Help boomer clients ensure they have sufficient income to manage their debt in retirement
Laurie Campbell, CEO of Credit Canada Debt Solutions, discusses proven plans for advisors to ensure clients burdened by debt will overcome this challenge. Campbell itemizes five key steps to help clients to stay on track. She spoke to Fiona Collie, web reporter with Investment Executive at the TMX Broadcast Centre in Toronto.
If you notice red flags, help clients understand how debt could derail their financial plan
Percentage of unpaid non-mortgage debt in 90-day delinquency now at 1.2%
Smallest 12-month increase for any month since June 2001
A recent survey suggests Canadians are caught between low savings and unrealistic attitudes about tapping into their homes
The average debt per Canadian household rose by only 0.3% in 2012, as most Canadians slowed or stopped their borrowing. Seniors were the exception, as their debt levels increased by an average 15.1%, according to a survey by Ipsos-Reid Corp. Although that may sound like a disturbing trend, seniors have a history of adding to […]
Show clients the benefit of making regular contributions to retirement savings