Consumer delinquency rates increasing across the country
Some advisors use lending to build clients’ portfolios as well as their own books of business
Buyers’ market sparks interest among younger Canadians
Deductible interest loans using insurance policies as security require careful structuring
Following the recent decision by provincial government officials enabling the delivery of online credit reports for a fee in Nova Scotia, TransUnion is making online access to credit reports, available to consumers in the province for the first time, the company announced Tuesday.“We have consistently stated our willingness and desire to provide Nova Scotians with […]
Loan losses expected to rise to “higher, more normalized levels”
Lack of written agreement may lead to problems
Banks not able to pick up slack from non-bank sources of financing
While credit continues to flow to Canadian consumers and business owners who have good credit ratings, banks and other financial services firms across the country appear to be tightening their lending standards and pricing their loans more aggressively as the economy slows into a recession, limiting options for some borrowers.The Big Six Canadian banks, which […]
Advisors may need to help clients deal with servicing their debts in the coming year