We are the Champions!

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…

View article


Total Outstanding Debt Climbs to $1.991 Trillion

Despite the economic impact of COVID-19, a strong recovery in the Canadian housing market and a slower paydown of existing mortgages helped push total consumer debt to 1.991 trillion dollars in the second quarter, according to Equifax Canada’s most recent…

View article


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…

View article