Month: April 2012

Cause for Concern?

The CD Howe Institute published a commentary paper earlier this month entitled; The Rise in Consumer Credit and Bankruptcy: Cause for Concern?  A full copy of the report can be downloaded by clicking here: CD Howe 04-2012 Commentary_346 The study tackles four questions related to the current trend in consumer borrowing: How have consumer credit…

read more

The Party Continues

Equifax Canada’s quarterly Consumer Credit Trends Report this week indicated that Canadian consumer non-mortgage debt grew by 3.4% year over year for the quarter ending March 31, 2012.  The largest increases were the result of growth in outstanding balances for automobile loans and leases; 10% greater in fact in comparison to Q1 2011. With household…

read more

Changes to OAS: So what’s the big deal?

Some observers have slammed Finance Minister Jim Flaherty's 2012 federal budget for resetting Canada's retirement age to 67.  Clearly criticism’s for such draconian measures are coming from those Canadian’s who have become accustomed to and comfortable with their “rights of entitlement” under our burgeoning nanny state that began to take shape in post-World War II Canada….

read more