Canada’s Mounting Debt Approaching Critical Level as Households Struggle to Pay Their Bills
More than half of Canadians are within $200 of being unable to meet their monthly expenses, yet households still show no sign of debt aversion.
Read moreOSFI Tells Banks to Stress-Test a Sharp Decline in Home Prices in Greater Vancouver, Toronto
OSFI urges some banks to stress-test a 30% drop in home prices. Canada’s banking watchdog is requiring some financial institutions to stress-test against sharp declines in house prices in Greater Vancouver and Greater Toronto, the country’s two hottest markets. The Office for the Superintendent of Financial Institutions (OSFI) sent out a notice to certain banks…
Read moreThe Culture of Debt: Canada’s Growing Credit Problem
Nearly three-quarters of Canadian families carry some form of debt. This figure is expected to increase as debt acceptance remains a cultural norm. But under the seams of this cultural norm are big issues that threaten to undermine the economy.
Read moreHow Many Consumers are Going Black Friday Shopping?
Cross-border shopping is something that many Canadians can say they’ve done at some point or another in their lives. While there was a dip in consumer spending across the border for a small period while people adjusted to new passport rules, and the exchange rate simply didn’t make sense, the trend of going to the…
Read moreHow to Start Christmas Shopping Early
Today we wrap up our mini-series on Christmas shopping by telling you some tips you might want to take with you if you’re thinking about starting your Christmas shopping early. The entire reason you start that shopping early is to not only get it done and behind you, but also give yourself time that could…
Read moreChristmas Shopping Tips
With a mini-series that began on Sunday and revolved around the subject, we’ve been doing a lot of talk about Christmas shopping. So far we’ve found out that while many consumers will be researching their purchases online, after they do so the majority will also be heading out to brick and mortar stores to either actually make…
Read moreHow Much will You Spend on Christmas?
Yesterday we started our mini-series on Christmas shopping by looking at whether consumers are planning on visiting stores or shopping online for their Christmas gifts. Today we’ll look at how much those consumers are actually planning on spending, and whether or not most have have planned on decreasing their spending from last year or not….
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