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paycheque project
Brampton man, 27, with $25,000 in student debt is helping pay his parents’ mortgage: ‘I want to give my parents a chance to retire’
decoder
Canadians are piling on credit card debt again
Close up hand of customer paying with smartphone. Cashier hand holding credit card reader machine and wearing protective disposable gloves at bar counter, while client holding phone for NFC payment. Woman wearing face mask while paying bill with mobile phone during Covid-19 pandemic.
carrick on money
Pay down student debt or invest in stocks?
Rob Carrick
report on business
Bombardier improves in third quarter, suggesting early results in turnaround effort
Bombardier president and CEO Eric Martel introduces the new Challenger 3500 in Montreal on Tuesday, September 14, 2021. THE CANADIAN PRESS/Paul Chiasson
economy
Canadians paid down record amount of nonmortgage debt in first year of COVID-19 pandemic: Statscan
Statistics Canada says household credit market debt as a proportion of household disposable income was 170.4 per cent in the fourth quarter. A consumer pays with a credit card at a store in Montreal on Tuesday, July 6, 2010. THE CANADIAN PRESS/Ryan Remiorz
paycheque project
Former plumber, 36, with impaired vision lives in Toronto on disability income of $16,668 - and parental help
Brian's life changed when his doctor told him he had keratoconus, an eye disease that damages the cornea and leads to vision loss. “The [doctor] told me: "You can’t go back to work. You can’t drive."
tax matters
Advice for young graduates on how to best manage debt
Tim Cestnick
economy
Household wealth climbs at record pace, but debt remains ‘key vulnerability’
A condo building is seen under construction surrounded by houses in Vancouver, B.C., on Friday March 30, 2018. The International Monetary Fund says household debt in Canada is still too high to allow sudden policy changes to encourage more activity in housing markets. THE CANADIAN PRESS/Darryl Dyck
opinion
COVID-19 has revealed big gaps in Canadians’ financial plans
Damon Murchison
politics
NDP plan to cut student debt would cost about $4-billion, budget watchdog says
Parliamentary Budget Officer Yves Giroux waits to appear before the Commons Finance committee on Parliament Hill in Ottawa, Tuesday March 10, 2020. THE CANADIAN PRESS/Adrian Wyld
economy
Canadian households add record mortgage debt amid low interest rates and high housing prices
A women wearing a mask walks past real estate listings during the COVID-19 pandemic in Mississauga, Ont., on Tuesday, May 26, 2020. Statistics Canada says Canadian households added a record amount to mortgage debt for the second quarter in a row amid low interest rates and high housing prices. THE CANADIAN PRESS/Nathan Denette
economy
Inside the pandemic wealth boom – and why it’s not spread evenly
Single family homes are seen against the skyline of Vancouver, British Columbia, Canada September 30, 2020. REUTERS/Jennifer Gauthier
finances
Despite pandemic, Canadians take on record amount of mortgage debt in 2020
A neighbourhood of townhouses is seen in an aerial view in Richmond, B.C., on Wednesday May 16, 2018. Canada Mortgage and Housing Corp. says the jumping home prices seen in many cities this summer and fall was beyond what could be justified by Canadian income levels and population growth.THE CANADIAN PRESS/Darryl Dyck
top links
BMO: Setting the record straight on Canadian household debt
top links
‘For every $1 of debt, Canadian households now have $6 of assets’
A Canadian dollar coin is pictured in this illustration picture taken in Toronto January 23, 2015.
economy
Household debt burden rises as borrowing picks up
Canadian dollar coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. Statistics Canada says Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter. THE CANADIAN PRESS/Jonathan Hayward
report on business
Housing growth, auto loans drive up demand for credit in third quarter, Equifax says
A condo building is seen under construction surrounded by houses in Vancouver, B.C., on Friday March 30, 2018. Credit rating agency Equifax Canada says total consumer debt increased 2.8 per cent to $1.99 trillion in the second quarter despite the economic impact of COVID-19 amid a strong recovery in the housing market. THE CANADIAN PRESS/Darryl Dyck
opinion
Canada needs a progressive, cross-sector approach to consumer debt
Michelle Pommells
opinion
Hey, wasn’t saving more money during COVID-19 supposed to make us feel better about our finances?
Rob Carrick
economy
Canada’s household debt burden sees record decline in second quarter
People are seen shopping, in downtown Toronto, on Aug. 25, 2020.