Below is a powerful excerpt from Jordan B. Peterson as it appears in his book Beyond Order – 12 More Rules for Life (page 348). Word for word. We’ve simply taken the paragraph and parsed it into 5 distinct pieces…
Is the Bank of Canada now in the process of beginning to eat crow? The Bank of Canada admitted on May 13, 2021 that “some of the monetary policy tools it is using to address the COVID-19 pandemic, such as…
Canadians’ personal finances are starting to show their financial fragility. According to the Office of the Superintendent of Bankruptcy Canada the total number of insolvencies (bankruptcies and proposals) in Canada increased by 22.7% in March 2021 compared to the previous month….
As pandemic-related government aid and loan deferral programs begin to wind down, the latest MNP Consumer Debt Index finds the number of Canadians hovering close to financial insolvency has reached a five-year high. More than half (53%) say they are…
Increased mortgage activity and rising house prices in the fourth quarter of 2020 pushed the overall consumer debt level to $2.07 trillion, up 1.5 per cent from last quarter and up 4.1 per cent from Q4 2019. Despite the increase…
Canadian consumer insolvencies dropped last year to the lowest level in two decades, as government support measures and creditor deferral programs allowed borrowers to keep making monthly payments. We took a look at our own internal insolvency numbers by year…
Not only has Canada become a debtor nation (click here), but most Canadians are drowning in debt. Our day–to–day dependence on debt begs the question: Can the bible teach us anything about debt? First, the Bible…
Continued growth in the housing market and new auto loans led the way in driving total consumer debt up by 3.8 per cent to $2.041 trillion in the third quarter of 2020, according to Equifax Canada’s most recent report on…
Canada is officially the global leader in debt. The most heavily encumbered house in the neighborhood! A recent report by the Institute of International Finance (IIF) indicates Canada saw the biggest jump in non-financial sector debt this year. Bigger than…
According to the latest release in mid October of the MNP Consumer Debt Index the dour financial outcomes, as a result of 7 months (and counting) of economic disruption, due to Canada’s response to the pandemic,…