Highlights / debt

Economy, Health, Society

Canadians and their heavy debt load

A recent national survey indicated that nearly a majority of Canadians were concerned about their ability to repay debts with a third saying they didn’t earn enough to cover debts and obligations. On the heels of that survey, just a »


Holiday spending, debt are stressful: survey

Today is a day of major sales in Canada and the United States and a kickoff to spending for Christmas and other December holidays. A survey from Manulife Bank suggests a quarter of Canadians spending during the holiday season think »


Government changes pension calculations

The federal government is making an accounting adjustment that will affect the pensions of millions federal civil servants, members of the Canadian Forces, and of the Royal Canadian Mounted Police. This represents at least 20% of the entire work force »


Debt affecting relationships, mental health

Two in 10 Canadians who are married or living together confess their significant other does not know how much debt they are in, according to a new survey. The public opinion poll commissioned by Manulife Bank found that 12 per »


Canadians expected to eat out less

The Conference Board of Canada says restaurant sales are forecast to grow by an average of just 1.4 per cent per year between 2018 and 2022.  That is lower than the projected inflation rate of nearly two per cent for »


Canadians’ average debt increases, prompts warning

While 46 per cent of Canadians decreased their personal debt, those who did not added an average 3.3 per cent to what they owe, according to the consumer credit reporting agency, Equifax. Excluding the mortgage debt on their houses, the »


Debt making Canadians feel ‘financially blue’: poll

More than half of Canadians are feeling blue about their finances, according to a national survey conducted for a charity and a financial planning standards body. It revealed that 21 per cent of Canadians spent too much during the recent »


Net worth of Canadian families on the rise: Statistics Canada

The median net worth of Canadian families rose to $295,100 in 2016, a jump of nearly 15 per cent from four years ago, and almost double from 1999 when it stood at $144,500, Statistics Canada reports. A family’s net worth is calculated »


College and university tuition fees are up in Canada

The government statistics agency has announced that tuition fees in Canada have increased by an average 3.1 per cent to $6,571 for undergraduates and 1.8 per cent to $6,907 for graduate students. There are similar increases for fees at community »

Economy, Society

Many Canadian workers spend all of or more than their pay

An online survey has found that 47 per cent of working Canadians would find it difficult to meet their financial obligations if their pay cheque were delayed by one week. It’s worse among younger workers. Of those in their 40s, »