50% of Canadians $200 Away From Broke
David Gowling-7219; David Gowling 7219
2017-06-21T18:00:00Z 6/21/2017 6:00:00 PM

With the Bank of Canada holding interest rates at record lows, Canadians have felt confident utilizing credit freely, despite a struggling national economy.

Categories: Press and Media;Lifestyle Debt;Debt Help;In the Community
Father’s Day: Budgeting Tips from My Father’s Generation
Leah Drewcock-10828; Leah Drewcock 10828
2017-06-16T15:00:00Z 6/16/2017 3:00:00 PM

With Father’s Day around the corner, I find myself reflecting on some of the financial lessons I learned from my father over the years.

Categories: Lifestyle Debt
Will Unpaid Debts Simply (Poof!) Disappear?
David Gowling-7219; David Gowling 7219
2017-06-16T15:00:00Z 6/16/2017 3:00:00 PM

As debt levels continue to creep, what happens when consumers can’t keep up with minimal payments, let alone being able to actually pay that debt down?

Categories: Press and Media;In the Community;Lifestyle Debt;Debt Help
Just $200 Could Throw 50% of Canadians into Financial Ruin
Lana Gilbertson-5635; Lana Gilbertson 5635
2017-06-12T18:00:00Z 6/12/2017 6:00:00 PM

Pair soaring debt with a general lack of financial literacy throughout Canada and we’ve got ourselves a perfect storm.

Categories: Press and Media;In the Community;Lifestyle Debt;Debt Help
Keeping an Eye Out for Hidden Credit Card Fees
Judy Scott-4446; Judy Scott 4446
2017-06-09T16:00:00Z 6/9/2017 4:00:00 PM

Having a household credit card or two can come in handy for multiple reasons – which is probably why there are approximately more than 43 million credit cards currently active in Canada.

Categories: Lifestyle Debt
An Eternal Optimist?
Ron Arsenault-11657; Ron Arsenault 11657
2017-06-09T14:00:00Z 6/9/2017 2:00:00 PM

If you are experiencing financial difficulty, and can set aside any emotional bias preventing you from being able to make a rational decision in a timely manner, you will save both yourself and your household from significant stress and anguish.

Categories: Lifestyle Debt
Financial Difficulties Hit All Walks of Life
Ian Schofield-1841; Ian Schofield 1841
2017-06-08T22:00:00Z 6/8/2017 10:00:00 PM

The association between insolvency and distrust may exist, but in reality, it’s often far from the case. In truth, financial distress hits people from all walks of life.

Categories: Press and Media;In the Community;Lifestyle Debt;Debt Help
Borrowing for Retirees Can Be Filled with Challenges, But It's on the Rise
Grant Bazian-3755; Grant Bazian 3755
2017-06-08T14:00:00Z 6/8/2017 2:00:00 PM

While credit can be helpful in a pinch, credit reliance can quickly become a dangerous cycle that's difficult to get out of when there's no longer a steady income coming into the household.

Categories: Lifestyle Debt
Central Bank Says No Rate Cut Considered Among Strong Growth, But Notes Risk
Grant Bazian-3755; Grant Bazian 3755
2017-05-30T22:00:00Z 5/30/2017 10:00:00 PM

Given today's struggling economy, the fact that many households are grappling with the harsh realities of unemployment due to a stagnant energy sector and numerous other factors, an increase in interest rates, could push more than 30 per cent of respondents to the survey towards financial ruin.

Categories: Debt Help;Lifestyle Debt
British Columbians Struggle to Keep Finances Flowing
Darrin Surminsky-1943; Darrin Surminsky 1943
2017-05-19T15:00:00Z 5/19/2017 3:00:00 PM

Okanagan Edge recently covered an MNP survey surrounding financial literacy and consumer spending throughout B.C.

Categories: Press and Media;In the Community;Lifestyle Debt;Debt Help

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