For millions of Canadians, the pandemic brought economic hardship. The worst is over. Now Canadians face a hard trek back to financial recovery. As Canada’s largest independent debt restructuring firm with over 60 offices in Canada, we have a unique view of Canadians in financial crises. We’ve created this special guide to help you put...Continue reading
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
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
At some time in our lives, most of us will need to borrow money. Whether to pursue higher education, purchase a home or a car, or start a business, there are times where you simply won’t have enough cash flow to fund a purchase without taking on debt. When a loan helps you to better...Continue reading