Tag: Debt

High-cost debt to bring additional pain to an already burdened public

Amid a spate of interest rate hikes and increasing cautiousness among borrowers, market players and analysts are sounding the alarm on a possible upward spike in the number of consumers using high-cost debt to cover their daily living expenses. Credit cards are a particular area of concern, as these sources

Is Canada’s borrowing finally entering a lull?

While the Canadian household debt balance has broken all previous records by reaching a total of $2.13 trillion in July (up by 3.77% compared to the same time last year), data from the Bank of Canada also indicated a recent sharp decline in the growth of these accountabilities. Canadian mortgage

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