The Ticking Corporate Debt Bomb

The Basics Corporations are simply an organized group of people. Like with people the higher your debt levels, the harder it is to service your debt. Corporate Canada’s debt (both loans and bonds) currently totals $2.7 trillion — or the…

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Good news that ain’t really good.

Good News There was a sharp decline in the use of credit cards in the last half of March!  This led to the first drop in consumer debt balances in more than a decade!   Average debt excluding mortgages dropped…

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Covid-19: The Hangover Part 2

Debt holders have enjoyed highly favourable interest rates for well over a decade, after the 2008 economic recession sent borrowing costs to record lows. But economic lockdowns aimed at curbing the spread of the coronavirus have sent unemployment rates soaring,…

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COVID-19: The Hangover Part 1

With the bevy of Covid-19 stimulus and support programs having been launched over the last 60 days the federal debt is headed to crush the $1 Trillion mark for the first time in history this year! However, some (MMT’s modern…

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Cash flow will always be King

If there was any doubt that the old saying “cash flow is king” was nothing but just another cutesy cliché,  the events as they have unfolded over the last couple of weeks surrounding Covid-19, will likely never again be considered…

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COVID-19: What we’re doing

We have all experienced quite the week. Everyone is coming to grips with the new norms, working together to ensure the safety of our communities and focusing on what we can do to support each other moving forward. Our team…

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Debt Hopelessness

Half of Canadians are on the verge of insolvency, according to a survey on household debt levels in this country.  As a collection agency with offices in Edmonton, Calgary and the

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Addicted but not alone

We Canadians shouldn’t feel alone when it comes to our debt addiction. The global debt-to-GDP ratio hit an all-time high of 322 per cent in the third quarter of 2019, according to a report released Monday by the

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