Debt

• Struggling with money? What you can do to tackle mounting debt

  Consumer debt is rising in Canada. If you're feeling the squeeze, here a some steps you can take to start getting your finances in line.

  Consumer

  7 hours
  
• Canadians are among the world’s most indebted. How they handle that debt varies

  The report said interest rate hikes by the Bank of Canada from 2022 to 2023 has left many Canadians facing issues with saving and households debt.

  Canada

  Jul 5
  
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• Ontario cities have the worst credit card debt in Canada, study finds

  The latest data from money.ca shows that seven of the county’s top 10 worst cities for credit card debt are from Ontario, with Barrie, Ont. taking the number one spot.

  Economy

  May 2
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• Debt burdening Manitobans, but 27% are feeling better about it, data shows

  The latest consumer debt index from MNP Ltd. finds 27 per cent of Manitobans feel better about their current debt situation compared to last year.

  Money

  Apr 8
• Ottawa wants billions more for debt, defence, Indigenous kids

  The single biggest item the government needs more money for is an extra $3.2 billion to service the national debt.

  Canada

  Feb 20
• Financial group says 1 in 5 Sask. and Manitoba residents using savings to pay debt

  The MNP consumer debt index said 60 per cent of residents across Saskatchewan and Manitoba are concerned about inflation rates and getting a handle on their debt.

  Canada

  Jan 9
• Albertans most concerned about ability to repay debts: consumer debt index

  According to a consumer debt index published by debt insolvency trustees at MNP, Albertans are also the most likely in Canada to be concerned about their level of debt.

  Consumer

  Jan 8
• Debt to income ratio edges lower – but servicing costs at record highs

  Statistics Canada says the amount Canadians owe relative to their income edged lower in the third quarter, but the cost of servicing that debt relative to income climbed higher.

  Money

  Dec 13, 2023
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• More Canadian businesses are missing debt payments, Equifax says

  The report by Equifax Canada says overall delinquencies for businesses in the third quarter rose 3.4 per cent compared with the previous quarter.

  Money

  Dec 12, 2023
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• Your credit rating could tank by making these common mistakes

  Even for those with generally good spending habits, some common mistakes can tarnish, or even outright tank, a credit rating - and it's not always as obvious as serious debt.

  Money

  Nov 28, 2023