The latest from Statistics Canada echoes its last few reports - Canadian household debt continues to grow. Canadian households, on average, held
Delinquency rates higher in oil producing provinces: Equifax
A new report by Equifax Canada shows that 90+ days delinquency rates are higher in Alberta and Saskatchewan than the rest of Canada. The report also
Bank of Canada warns of risks of rising household debt
In a speech today at the Guelph, Ontario Chamber of Commerce, Bank of Canada Deputy Governor Lawrence Schembri is emphasizing the bank's concerns over
CIBC revises Canadian forecast, downwards
In what it admits is an unusual situation, CIBC has revised its full-year outlook, only a month after releasing it. In an article entitled "The
Canadian household debt increase highest in G7
In a report titled "Household Indebtedness and Financial Vulnerability", the Parliamentary Budget Officer says among G7 countries, Canada has
Canadian Household Debt Hits Record
The latest figures from Statistics Canada show that leverage (measured by household credit market debt to disposable income) hit a record high of
40% of Canadian turn to credit to cover expenses
A new survey from Manulife Bank indicates that 40% of Canadians didn't have enough money to cover expenses in the last 12 months, and had to turn to
BOC says mortgage debt a vulnerability
The Bank of Canada's latest Monetary Policy Report is predicting a gradually strengthening of Canadian economy. In his opening announcement, Bank of
Canadian Credit Market Debt Rises
Stats Canada's tweet summarizes the latest data from the second quarter. For every $1.00 in disposable income, Canadian households owe $1.65 in