Month: September 2016

AB Consumers Continue to Hemorrhage

The rate of consumer insolvencies rose in Alberta in the second quarter of this year by 43 per cent compared to last year, according to a report released by the Superintendent of Bankruptcy Canada at the end of August. Personal bankruptcies increased by 32.4 per cent in Alberta, while consumer proposal filings — a formal…

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The Sordid Love Affair Continues

Canadian household debt soared to a record high in the second quarter, as rock bottom interest rates continued to encourage heavy borrowing. The ratio of debt to disposable income rose to 167.6 per cent in the three months to June, topping the first quarter’s 165.3 per cent and eclipsing last year’s record, according to Statistics…

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Have bankers gone insane or is it me?

Does anything scream insanity louder than this sign board shown below that was spotted on August 23, 2016 at the CIBC Branch located on the University of Waterloo campus? -Is home ownership for an international student with a study permit and no verifiable income in the best interest of the student? the bank? or society in general? -CMHC…

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