All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Borrowing money to invest Nov 7th
There are a few different ways to borrow to invest.
Opening a margin account
A simple option to borrow to invest is by using a margin account at a brokerage. Depending on the existing investments in the account, a brokerage will lend up to a certain percentage of the value to an Canadian inves.... More »
Maple Leaf to spin off a publicly traded company Jul 10th
This little piggy is going to market.
Maple Leaf Foods (MFI/TSX) is spinning off its pork business into a new publicly traded company, the firm announced Tuesday. It’s something that’s been in the works for a little while, but the time is now right, said chief executive Curtis Frank in an.... More »
Judge slashes lawyers’ $510M contingency fee for $10B First Nations settlement. Legal team gets $23M instead Oct 29th
“A lawyer’s professional retainer is not a lottery ticket offering a bonus prize of generational wealth to the lawyers if the clients hit the jackpot and win a mega-award.”.... More »
Donald Trump’s economic delusions are already hurting America - The Economist Mar 6th
Donald Trump’s economic delusions are already hurting America The EconomistFIRST READING: How Trump's trade war is blowing up in American's faces National PostTrump weaponizing tariff chaos, but vulnerable to stock market, U.S. living costs: chief economist BNN Blo.... More »
Former Trump executive Allen Weisselberg sentenced to 5 months in jail for lying in civil fraud case - World News - Castanet.net Apr 10th
Former Trump executive Allen Weisselberg sentenced to 5 months in jail for lying in civil fraud case - World News Castanet.netTrump's Ex-Finance Chief Is Sentenced to 5 Months in Rikers for Perjury The New York TimesTrump civil fraud case: Judge fines Trump $354 million, says f.... More »
How much credit card debt does the average Canadian have?
– moneysense.ca
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these forces are adding pressure to those with variable-rate loans and mortgages. Unsurprisingly, many Canadians are using their credit cards to charge their expenses.
How much debt does the average Canadian carry?
The average monthly credit card spend for Canadians was almost $2,447 in the third quarter of 2022, up by 17.3% compared to the same time in 2021 and up 21.8% in 2019, according to Equifax. And another report from the Canadian credit bureau, Canadian consumer debt has risen to $2.32 trillion, with an average debt load of approximately $21,183—excluding mortgages. These numbers represent an increase of 8.2% over last year, and 6.4% between the first and second quarters of 2022…
With subscription services offered in almost every category these days, it can be hard to keep track of exactly how much you’re spending on a monthly basis.
