The Bank of Canada interest rate is staying at 1.75% for March 2019. On March 6, 2019, the Bank of Canada (BOC) announced they are maintaining the overnight interest rate for the time being. Their reasons were: The slowdown to the global...
Have you considered filing for bankruptcy or for a consumer proposal in Canada? If so, you’re far from the only one. Insolvency statistics show that bankruptcies and consumer proposals continue to be popular debt management options for...
Most years, July 11 is just another day. But in 2018 it could mean a change to the Canadian interest rate. The Bank of Canada has scheduled its next interest rate announcement for July 11, 2018. This is when they will publicly say if interest...
Earlier in February, the McKinsey Global Institute released a report regarding debt and global economies, and after surveying 47 countries, listed seven with ‘potential vulnerabilities’ when it comes to household debt. Among these seven is...
Canadian consumer debt has continued to rise over the last few months, and although the delinquency rate has dropped, the spending has not. But since the delinquency rate has dropped, that means that individuals are more conscious of the need...