As the country enters its seventh month of economic disruption, the pandemic recession is putting a spotlight on the divergent experiences of Canadians during COVID.

You’re saving, you’re budgeting for all the costs involved — and you’re nearly ready to put an offer in. But have you factored mortgage default insurance into your calculations?

We’re asked this question often, largely because of the initial similarities many people see between these two debt solutions.

People are often hesitant to file a Bankruptcy or Consumer Proposal for fear of ruining their credit. They reason they must have excellent credit because they‘ve always made their monthly minimum payments on time.

Being insolvent can result in declaring Bankruptcy. However, insolvency does not necessarily lead to Bankruptcy. Depending on your situation, there may be other ways of dealing with your debt.

Fortunately, there are plenty of things to do in the Lower Mainland for little or no money. If you need a break from the doom and gloom, check out our list for having some fun on a dime!

The Bank of Canada (BoC) increased its policy interest rate by a full percentage point on July 13, 2022. It was the fourth increase to the overnight rate this year and the largest since 1998.

Implementing these five tips for financial health can increase a student’s chance of converting that higher income into greater wealth and security.