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Category: Household Debt

The FCAC – a finger in the dam?

By Reg Rocha

As I wrote previously, the Financial Consumer Agency of Canada (FCAC) was established in 2001 by Financial Consumer Agency of Canada Act to: “ensure that financial institutions, external complaints bodies and payment card network operators are supervised by an agency of the Government of Canada so as to contribute to the protection of consumers of … Continue reading The FCAC – a finger in the dam?

Debtors versus creditors—a level playing field?

By Reg Rocha

As a debt restructuring specialist, I spend all my days working with and for Canadian consumer debtors facing insolvency. When you approach insolvency, you are basically seeking to negotiate with your creditors to relieve or eliminate your debt, and our job is to help our clients understand this process and make the best decisions possible … Continue reading Debtors versus creditors—a level playing field?

Canadians not as confident about debt loads as Bank of Canada

By Reg Rocha

Canadians not as confident about debt loads as Bank of Canada. October 24, 2018: Today, Bank of Canada Governor Stephen Poloz raised the benchmark interest rate a quarter-point to 1.75 per cent. In this announcement, Poloz was clear that this measure was taken to achieve a relatively consistent inflation target of between 2.5% and 3.5%. … Continue reading Canadians not as confident about debt loads as Bank of Canada

Inflation squeezes those in debt even harder

By Reg Rocha

Inflation squeezes those in debt even harder. September 5, 2018: Today, the Governor Stephen Poloz, released the Bank of Canada’s most recent decision on national interest rates. As expected, he indicated there would not be a rate increase at this time, even while inflation rates continue to hover at the outer edges of their comfort … Continue reading Inflation squeezes those in debt even harder


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