More older Canadians are struggling with debt
Yale professors say borrowing to invest early on in life is the key to long-term outperformance
Consumer finance sector remains weak, says NBF
Although U.S. households are seeing a destruction of wealth as home prices tumble, Canadian households are in good shape financially. This bodes well for continued growth in consumer spending in 2008, suggests a National Bank Financial Ltd. report. Canadian debt loads — mortgage and consumer debt as a percentage of net worth — remain relatively […]
Average debt load of Canadian homeowners is $29,400 above their mortgage
Most would use extra money to pay down the principal on their mortgage
High employment rates are keeping households afloat, but debt is rising
Slightly more than one in three Canadian consumers have checked their own credit report prior to making important decisions involving their finances, according to a recent poll conducted for credit reporting company TransUnion.The survey, conducted by Roper Public Affairs for TransUnion, reveals that the most likely activities to cause Canadians to check their own credit […]
Industry Canada Web site provides practical information
Value of consumer loans growing quickly, says S&P