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17 October 2016
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.
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19 July 2011
Canada’s Consumer Debt Situation Not As Bad As We Thought
Some positive news out of a recent CIBC report shows that Canadians have significantly slowed down their accumulation of consumer debt over the last year. While total debt rose 1.8% over the last quarter, outpacing the 0.7% increase in income, consumer debt (that is, total debt minus mortgage debt) rose at the same rate as…
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