Lower-income households tend to have a higher debt levels
The federal government issued $302.3 billion in debt securities
Non-mortgage debt was down as a result of the economic shutdown, Equifax says
A fintech start-up has launched a peer-to-peer lending platform
IIROC launches first phase of government debt reporting
Major financial transfers to individuals were up 193% compared to last year
The companies have capitalized on tighter corporate spreads and strong financials
Credit card balances fell 12.3% in the second quarter
Insolvencies, credit risks set to rise as supports, deferrals wane
The PC government said its Covid-19 relief spending will total $30 billion by the close of the fiscal year