Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday. ... More

The debt carried by Canadian households has hit the $2 trillion mark for the first time, driven up by rapidly rising mortgage balances, credit rating agency Equifax said in a ... More

The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded. ... More

But more challenging times could be on their way. ... More

There are some financial maxims younger generations hear from well-intentioned parents and other figures in their lives, but experts say that many of those go-to personal finance ... More

Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More

Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More

The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level. ... More

Although COVID-19 has slowed down the rate of insolvency filings nationwide, the year-to-date total is still the highest in a decade, according to the Office of the Superintendent ... More

Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the Bank ... More

The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms. ... More

Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more. ... More

Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row. ... More

The average Canadian household paid nearly $40,000 in taxes last year, more than the combined cost of clothing, food and shelter, according to a new report. ... More

A warning has been issued regarding investment schemes that promise tax write-offs by investing in real estate through limited partnerships. ... More

Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ... More

The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More

Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Sign of deteriorating financial stability for many people in the country. ... More

An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency. ... More

It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth. ... More

The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018. ... More

Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt. ... More

Despite rising mortgage costs, rents, and grocery bills, these were not the biggest drain on the average Canadian household income last year. ... More

Members of Generation X (aged 37 to 52) are finding it hard to save, and the tighter timeline is causing them stress, a Franklin Templeton report finds. ... More

Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed. ... More

Upward trend in rates would negatively impact Canadians' ability to service their debts. ... More

Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at risk ... More

Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks. ... More