Month: October 2012

Canadian Household Debt Hits New High

Figures released by Statistics Canada yesterday indicate that household debt to disposable income hit 163.4 percent in the second quarter, up from 161.8 percent in the previous quarter. At the peak of the U.S. housing bubble in 2007, household debt to income hit a high of 170 percent.  However, many analysts say that Canada’s housing…

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Storm Clouds Gather Around Canadian Consumer Credit

We encourage all of our clients to maintain a high degree of awareness and alertness as to the aging of their own current accounts receivable. Those businesses taking a more passive position with slow paying customers in an effort to support their current sales volumes will eventually pay the price and experience the greatest amount…

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