July 20, 2017
“Concerns about Canada’s $2 trillion in household debt overblown” screams the headline of the Fraser Institute’s latest press release. Although Canada’s household debt has increased from...
July 12, 2017
If you turned on the news today, you’ve probably heard that the Bank of Canada (BoC) has raised its overnight lending rate by 0.25 percentage points, to 0.75 per cent. This is the first interest rat...
July 5, 2017
Are you ready for rising interest rates? Recent talk from the Bank of Canada (BoC) suggests they could soon hike rates for the first time in seven years, maybe even as soon as next week. After cutting...
June 26, 2017
Nowadays, the bank isn’t the only place that can offer you a loan to pay off debt. Online peer lending companies can lend you up to $35K, often at a lower interest rate, in order to consolidate debt...
June 19, 2017
Canadian house prices set a new record in May, rising 2.2 per cent over the previous month. In the past year, housing prices have risen by nearly 30 per cent in Toronto, 25 per cent in Hamilton and 20...
June 13, 2017
According to the Bank of Canada (BoC)’s semi-annual Financial System Review, a 69-page document examining some of the key risks to the Canadian economy, many Canadians would have trouble managing th...
June 7, 2017
Do you have enough set aside to cover the costs of a home renovation? A new BDO Canada survey has found that 43 per cent of Canadians who are planning to renovate in the next year will use debt to pay...
May 30, 2017
When given the choice between saving for their desired lifestyle and saving for retirement, nearly two-thirds of millennials would choose the former, according to a new Merrill Edge report. This is al...
May 24, 2017
A new report from The Conference Board of Canada seems to dispel the stereotype of the starving millennial graduate, but even with a respectable starting salary, student debt remains a concern. The Ca...
