Charge-offs and delinquencies expected to continue to rise at a pace unprecedented for the Canadian market
Zoomer Rewards MasterCard exclusively for CARP members
Consumer delinquency rates increasing across the country
Sale of legacy assets could trigger further writedowns
Delinquencies breach all-time highs for second-straight month
U.S. defaults just below all time highs in January
Canadian debt-to-disposable-income ratio now higher than the U.S.
It will also require increased disclosure on credit cards and mortgage insurance
Program allows cardholders to apply up to 2% of their credit card spending towards their existing HSBC mortgage
The performance of credit cards in Canada softened slightly in the second quarter of 2008, but showed remarkable stability compared to the performance of credit cards in the United Kindom and the United States, says Moody’s Investors Service in a new report.During the second quarter, the charge-off rate in Canada rose to 3.07%, up from […]