Business credit contracts for the fifth straight month
Many would face difficulty making their regular mortgage payments
Growth in household credit offset decline in business credit during July
New program encourages Canadians to improve their saving, investing and borrowing habits
Housing market shows clear signs of moderation
Debt levels climbing despite record low interet rates
Rapid rise in mortgage rates could require major belt-tightening (IE:TV)
Inflation and taxes are top concerns for Canadians over the age of 50
Help clients assess their debt levels, but don’t forgo savings
Debt-to-income ratio climbs to highest level ever