Personal Finance

"Approaching A Crisis Point": Nearly Half Of Canadians Concerned About Their Current Level Of Debt
Personal Finance

"Approaching A Crisis Point": Nearly Half Of Canadians Concerned About Their Current Level Of Debt

The MNP Consumer Debt Index has sunk to its second-lowest level since its inception in 2017 under the weight of persistently high inflation and rising interest rates, the impact of which have left Canadians feeling "pessimistic" about their current debt situation.

Finance

Canadians Are Seeking Second Jobs, Contemplating Moving As Housing Costs Soar

Amid higher monthly mortgage and rent payments, a new survey reveals that 31% of Canadians have had to “seek additional income” in order to make ends meet.

Personal Finance

Household Mortgage Debt Sees Slowest Pace Of Growth In Over 11 Years

Although household mortgage debt rose in May and surpassed $2.1T, the increase marked the slowest pace of growth since December 2011.

Personal Finance

Fidelity Partners With Brookfield To Launch Private Real Estate Investment Portfolio

Fidelity Investments has partnered with Brookfield Asset Management to launch a new private real estate market portfolio.

Personal Finance

What Will Be The BoC’s Next Interest Rate Move? Some Experts Say It's A “Coin Toss”

There’s no shortage of speculation surrounding the next BoC interest rate decision, slated for Wednesday, July 12.

Personal Finance

Will Wednesday’s BoC Rate Decision Bring A Hike? Experts Weigh In

On the heels of Canada’s latest inflation and GDP readings, experts are cautioning that another interest rate hike is not off the table.

Personal Finance

Millennial Renters Will Have to Save 50% More Than Homeowners for Retirement

New data from Mercer shows that millennial renters will have to save eight times their salaries in order to “comfortably retire” by 68.

Personal Finance

Bank of Canada Pauses Interest Rate Hikes, Holds at 4.5%

For the first time in a year, the Bank of Canada chose not to raise interest rates, announcing that it will hold its policy rate at 4.5%.