While everything may appear to be going swimmingly for the Canadian economy, there could be peril on the horizon. According to early-warning indicators compiled by the Switzerland-based Bank for International Settlements, Canada is one of three economies – including China and Hong Kong – most at risk of a banking
Canada just ranked #1 in a metric we’d probably love to forget. Or pass onto our children. According to the Organization for Economic Cooperation and Development (OECD), Canadians carry more consumer debt than citizens of any other country in the world. It’s a pretty alarming figure: our household credit burden now
If you dread looking at your monthly credit card statement, you can take solace in the fact that you’re not alone. For the first time ever, Canadians’ debt burden is now greater than the entire Canadian economy. Look at the financial damage we’ve done to ourselves in just 25 years: If that’s not
Starting life after graduation is no easy task. Staying financially afloat in Canada’s major cities is near-impossible – just look at the minimum amount of money required to live reasonably in Toronto, Montreal, or Vancouver. Rent is astronomical, but owning your own place is out of reach for all but the richest
Soaring real estate prices have made Vancouver the wealthiest city in Canada. A new report on household wealth by Environics Analytics found that – while Vancouver households may earn less than the Canadian average – the city is Canada’s first “millionaire city.” The average net worth (the total value of a household’s assets,
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