Towering household debt is defining Canada’s economic landscape. With plenty of heavily indebted households, the country’s economy is far from certain, Maclean’s reports. Good thing a lot of Canadians are doing their best to deal with their debt loads. Find yourself in the same boat? Here are practical tips to help you tackle your debt.…
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Mounting consumer debt levels in Canada are a cause for alarm. However, many Canadian consumers have managed to stay on top of their debts, the Financial Post reports, with consumer bankruptcies dropping by 1.7 percent. That’s good news. If you’re dealing with debt yourself, read on for tips and advice on how to get yourself…
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Canadians had consumer debt levels of about $1.821 trillion in the fourth quarter of last year, the Global News reports. That figure is an increase from the $1.997 trillion recorded in the third quarter. With debt balances up by 3.3 percent for the average Canadian last year, increasing debt is becoming a concern. If you…
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Survey results conducted by Ipsos revealed that about 85 percent of Canadians struggling with debt are willing to make personal sacrifices to make their debt go away. 21 percent of Canadians are desperate to shed their debt enough that they would be willing to give up the right to vote for debt relief, the BNN…
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