Debt

Canadians rely on property to fund retirements

Forget Caribbean cruises or golfing vacations in Dubai, most Canadians saving for retirement are aiming for a comfortable life when they do get there. However, many are not confident they will save enough to achieve this, finds a BMO Retirement Institute report. Titled Home Sweet Home or Retirement Nest Egg, the study also reveals one-third […]

By Staff |November 1, 2012

2 min read

Industry

Canadians rely on luck for finances

One-third of Canadians admit winning the lottery or receiving a large inheritance is part of their plans for a secured financial future, finds a survey by Credit Canada Debt Solutions and Capital One Canada. “Canadians need to recognize that there is no magic solution to gaining control of their finances,” says Laurie Campbell, CEO, Credit […]

By Staff |October 30, 2012

1 min read

Industry

Use this debt management litmus test

Advisors say they already do debt and cash-flow planning. I don't agree.

|October 24, 2012

2 min read

Industry

Who manages your household debt?

Most men and women have different approaches to finances and investing. And it seems the same is true whern it comes to managing household debt.

By Staff |October 24, 2012

2 min read

Cdns splurge hundreds of dollars each month

Canadians spend an average of $306 per month on unplanned purchases and splurges, finds a Scotiabank poll. These add up over time, and can include a random night out, buying clothes while window shopping, or picking up a latte. Read: Canadians spend thousands on impulse buys “Planning for unplanned spending can be as easy as […]

By Staff |October 22, 2012

1 min read

More Canadians are debt-free: RBC

Canadians have been working hard in 2012 to reduce their debt levels. In fact, 26% have no personal debt, up from 22% in 2011, finds RBC. Further, 51% say it’s more important to pay down debt than save or invest in the future, up from 49%. Read: Canadians focused on reducing debt “It’s encouraging the […]

By Staff |October 10, 2012

1 min read

Canadians aren’t worried about debt

Canadians are alarmingly accepting of debt as a financial strategy. Even though many are carrying record levels of debt, 62% are comfortable with their financial situation, finds a Hoyes Michalos/ Harris/Decima poll. Further, 26% agree their debt levels are higher than one year ago. Read: Debt denial still runs deep Respondents were asked whether they […]

By Staff |September 25, 2012

2 min read

Debt

Canadians rely on property to fund retirements

Canadians rely on luck for finances

Use this debt management litmus test

Who manages your household debt?

Cdns splurge hundreds of dollars each month

Can the U.S. reduce its deficit?

Desjardins issues $800 million in notes

Cdns in more debt than expected: StatsCan

More Canadians are debt-free: RBC

Canadians aren’t worried about debt