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Canada’s bet with debt.

By Reg Rocha

Canada’s bet with debt.  Back in 2008, the world was knocked into one of the worst recessions we had seen in decades. Canada was by no means immune. Over-leveraged Canadians lost property and businesses, retirement investments tanked and consumer confidence plummeted. History tells us this kind of downward spiral is very dangerous.  To introduce some […]

Impact of Increasing Interest Rates on Debt

By Trevor Glasser

  This past July, after seven years of leaving its key interest rate steady at near-historic lows, the Bank of Canada increased its overnight rate by 0.25 percentage points to 0.75 percent. In September, the bank raised it another quarter-point to 1.0 percent amid strong economic growth. While we’re unlikely to see another increase this year, they […]

Budgeting for Baby

By Terryl Allen

From pre-natal preparations to preschool to post-secondary, raising a child in Canada is not for the financially faint of heart. The average annual cost for raising a child to the age of 18 has been estimated to be a cool $13,000 which, of course, will not necessarily decrease at that age if you plan to […]

How Many Credit Cards are Too Many?

By Sue Grubac

Although Canadians are carrying fewer credit cards, they’re carrying increasingly higher balances, according to a survey conducted by TransUnion. More alarming, consumers seem to be more focused on the points they are earning rather than the interest they are racking up.  Credit cards are an important way to build credit history, they can be useful […]

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