Maintaining the Status Quo
Millions are ready to vote for weaker economic growth – a loonie that many analysts think will go back to all-time lows of 62¢ vs US – higher deficits – more government waste and inefficiency – and a bleaker financial…
A wake-up call for Canada
“It needs to be said that Ottawa’s parade of anti-energy policies, red tape on resource development, lack of investment in our Armed Forces & our soft-on-crime laws have left our country in an incredibly vulnerable & weakened state economically &…
Money Issues and Mental Health
Highlights: Debt can occur for any number of reasons, many of which are beyond a person’s control. Your finances are closely connected to your overall well-being, so debt and other money issues can be a major strain on your mental…
2024: The Year of Debt Despair?
According to the release this week of MNP Consumer Debt Index Canadian’s current debt perception has reached near all time lows. This marks the second-lowest level in five years as the impact of inflation and higher interest rates leaves Canadians…
Bank of Canada Word Salad
The Bank of Canada (BOC) Survey of Consumer Expectations was released yesterday and right on queue we’ve been given a big bowl of word salad. Also right on queue is main stream media simply passing on the…
2.4 trillion reasons not to borrow
Canadian consumer debt reached $2.4 trillion, according to Equifax® Canada’s most recent Market Pulse consumer credit trends and insights report. Despite a sluggish mortgage market, non-mortgage debt showed a seasonal rise in the second quarter of 2023, with credit card…
Canada: What will all this personal financial insecurity lead to?
Is it accurate to consider ourselves a first world country with over half the population within $200.00 of not meeting their monthly financial obligations? I guess like everything, the definition of words like “first world” can just simply be changed…
Neophyte Journalism and Inflation
The neophyte “journalists” of the Canadian mainstream media (CBC, Global, Bell), with their liberal arts degrees in who knows what, have been chortling this week that the inflation dragon has been slayed (on behalf of their paymasters in Ottawa). But…
Canada is #1 in the G7 for household debt
Nothing like sticking your head in a vice. Household debt in Canada is now the highest of any G7 country, according to data released in late May by the Canadian Mortgage & Housing Corporation (CMHC) The amount owed by Canadian…
Canadian Business Insolvencies Rip Higher
Canadian business insolvencies are back with a fury. Business insolvency filings with the Office of The Superintendent of Bankruptcy (OSB) climbed sharply in February. The number of businesses seeking creditor relief is now back to normal levels, before pandemic…