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,…
Has your company experienced an uptick in once good paying commercial customers suddenly going past due? As a collection agency with offices in Edmonton, Calgary and the GTA we can help. A new study released in early…
This article originally appeared on https://betterdwelling.com/ . Due to its frightening nature we thought it would be best to re-post it in its entirety. Canadians love mortgage debt, and most households consider it low risk. However,…
Earlier in September Statistics Canada reported that Canada’s household debt ratio registered a significant decline between April and June from 175% to 158% over the previous quarter. So, in other words Canadians only owe $1.58 for every dollar of income…
As a collection agency with offices in Edmonton, Calgary, and the GTA we are watching with interest for any unintended consequences brought on by the massive degree of…
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…
Has your company experienced an uptick in once good paying commercial customers suddenly going past due? As a collection agency with offices in Edmonton, Calgary and the GTA…
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…