Debt

Bond issuers focus on clearing debts Fallback Image Decorative pattern

Economic Indicators

Bond issuers focus on clearing debts

High-yield companies are issuing bonds at record pace.

April 30, 2013

2 min read

Consumer debt up, defaults down Fallback Image Decorative pattern

Industry

Consumer debt up, defaults down

Total consumer debt in Canada has ticked higher year over year, but serious consumer delinquencies are at an all-time low, finds Equifax Canada’s March Consumer Credit Trends Report. There was moderate growth in total consumer indebtedness, excluding mortgage debt, year-to-date through March 2013 with an increase of 3.9% to $500.8 billion from $497 billion during […]

By Staff |April 24, 2013

2 min read

Bill Gross blasts Britain and eurozone over austerity Fallback Image Decorative pattern

Industry

Bill Gross blasts Britain and eurozone over austerity

Pimco’s Bill Gross has strongly criticized Britain and eurozone for trying to reduce debt quickly by way of extreme austerity measures. He cautions that the move has fundamental flaws and can stifle their economic recoveries, reports FT.com. Gross’ contention is supported by the IMF which also argues that some countries in the developed world are […]

By Staff |April 22, 2013

1 min read

UK credit rating suffers another downgrade Fallback Image Decorative pattern

Industry

UK credit rating suffers another downgrade

Barely a couple of months after being downgraded, credit rating of the U.K. got yet another hit Friday as Fitch Ratings followed Moody's Investors Service to cut the country’s AAA rating.

By Staff |April 19, 2013

1 min read