9/18/2018 | Posted in Financial Health by Michael Antczak
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Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt. ... More

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  8/16/2018 | Posted in Financial Health by Michael Antczak
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Despite rising mortgage costs, rents, and grocery bills, these were not the biggest drain on the average Canadian household income last year. ... More

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  5/13/2018 | Posted in Financial Health by Michael Antczak
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Members of Generation X (aged 37 to 52) are finding it hard to save, and the tighter timeline is causing them stress, a Franklin Templeton report finds. ... More

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  5/2/2018 | Posted in Financial Health by Michael Antczak
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Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed. ... More

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  4/17/2018 | Posted in Financial Health by Michael Antczak
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Upward trend in rates would negatively impact Canadians' ability to service their debts. ... More

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  3/12/2018 | Posted in Financial Health by Michael Antczak
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Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at risk ... More

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  2/28/2018 | Posted in Financial Health by Michael Antczak
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Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks. ... More

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  1/10/2018 | Posted in Financial Health by Michael Antczak
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The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More

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  12/8/2017 | Posted in Financial Health by Michael Antczak
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Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ... More

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  10/24/2017 | Posted in Financial Health by Michael Antczak
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According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ... More

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  9/24/2017 | Posted in Financial Health by Michael Antczak
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Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise. ... More

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  9/22/2017 | Posted in Financial Health by Michael Antczak
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Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication. ... More

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  9/19/2017 | Posted in Financial Health by Michael Antczak
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In its latest data release, Statistics Canada announced that the amount Canadians owed compared with their disposable income climbed higher in the second quarter. ... More

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  9/12/2017 | Posted in Financial Health by Michael Antczak
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Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate. ... More

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  9/6/2017 | Posted in Financial Health by Michael Antczak
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Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans. ... More

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  8/24/2017 | Posted in Financial Health by Michael Antczak
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With home prices rising across the country, many would assume that housing costs (including rent and mortgage payments) are the most expensive budget item for the average Canadian ... More

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  8/23/2017 | Posted in Financial Health by Michael Antczak
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Unprecedented household debt levels will give Canadians a rude awakening on their unpaid credit card bills if another economic downturn materializes in the coming years, according ... More

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  7/19/2017 | Posted in Financial Health by Michael Antczak
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The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says. ... More

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  6/23/2017 | Posted in Financial Health by Michael Antczak
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Canadian household debt is rising and is set to keep rising despite expected increases in interest rates; and that worries the Parliamentary Budget Officer. ... More

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  6/9/2017 | Posted in Financial Health by Michael Antczak
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A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk of ... More

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  5/25/2017 | Posted in Financial Health by Michael Antczak
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Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ... More

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  5/18/2017 | Posted in Financial Health by Michael Antczak
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Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year. ... More

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  5/11/2017 | Posted in Financial Health by Michael Antczak
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Moody’s has downgraded its ratings for six Canadian banks due to their exposure to risk from high house prices and household debt. ... More

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  3/15/2017 | Posted in Financial Health by Michael Antczak
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The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada said the amount of household ... More

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  1/27/2017 | Posted in Financial Health by Michael Antczak
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The type of person you are will inform the math that goes into your decision. ... More

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  1/25/2017 | Posted in Financial Health by Michael Antczak
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More than a third of Canadians polled by CIBC said that paying off their mortgage sooner was a key financial goal. ... More

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  12/14/2016 | Posted in Financial Health by Michael Antczak
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Canadian household debt hit a record high in the third quarter, as the country’s love affair with low interest rates fuelled another round of heavy borrowing. ... More

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  11/25/2016 | Posted in Financial Health by Michael Antczak
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A new report from Manulife Bank reveals that many Canadians are living paycheque-to-paycheque including a large percentage of those with a mortgage. ... More

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  11/16/2016 | Posted in Financial Health by Michael Antczak
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Canadians continued to pile up non-mortgage debt compared with a year ago but delinquency rates remained low, according to credit monitoring agency TransUnion. ... More

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  10/26/2016 | Posted in Financial Health by Michael Antczak
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Canada’s debt, swelled by a decade-long housing boom to almost triple the size of its economy, is drawing increasing concern from an international banking community that ... More

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