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Stock news for investors: Cineplex and Aritzia post strong results despite industry headwinds + MORE Oct 15th
Here’s a round-up of news for Canadian investors this week.
Cineplex
Aritzia
Trilogy Metals
Barrick Mining
Cenovus-MEG Energy
Featured RRSP Accounts
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EQ Bank
Buil.... More »
New to Canada? A new way to transfer your credit score + MORE Oct 29th
Equifax Inc. is launching a program to allow newcomers to transfer their foreign credit history to Canada.
The credit reporting company said Thursday that the Global Consumer Credit File will make it easier for immigrants to access services like loans and cellphone plans in Canada by providing th.... More »
Want to boost your savings? Try a spending detox for the next seven days + MORE Jan 9th
Stopping the impulse to buy stuff on autopilot is one of the most valuable money moves you can make, Lesley-Anne Scorgie writes.... More »
Why retirement planners are getting defensive + MORE Oct 1st
While working people may envy those at or near retirement, once you get there there’s a certain amount of anxiety over markets and the prospect of outliving your money should stocks and interest rates fail to cooperate.
Of course, those with guaranteed-for-life, taxpayer-backed, defined benefit.... More »
Do RRSPs Save You Taxes in the Long Run? + MORE Jan 25th
For the first-time RRSP investor, it can be a challenge to understand how RRSPs can save you money. Contributions to your RRSP reduce your immediate tax burden, but you do pay tax on withdrawals. While it’s true that RRSPs may be more properly understood as a vehicle for tax deferment instead.... More »
Canadian Consumer Debt Nears $1.6 Trillion, But There's One Province Where It's Shrinking
– walletpop.ca
TORONTO — Canadians are still adding to household debt, but at a slower pace than earlier in the year, according to a new study from Equifax.
The credit rating agency says debt for those with a credit file, which includes most adults, rose two per cent in the second quarter of 2015 after rising 2.7 per cent in the first quarter.
Total consumer debt now amounts to $1.568 trillion, with the average debt load, excluding mortgage debt, totalling $21,164.
Albertans top the list, with an average of $27,313 in consumer debt for every person with a credit file.
Yet Equifax says the average debt load in the oil-rich province dropped by 0.1 per cent from the second quarter of 2014.
Among other things, Equifax says Canadians are adding to debt to buy new cars, with auto loans increasing by 3.9 per cent from the same period last year.
The credit rating agency says debt for those with a credit file, which includes most adults, rose two per cent in the second quarter of 2015 after rising 2.7 per cent in the first quarter.
Total consumer debt now amounts to $1.568 trillion, with the average debt load, excluding mortgage debt, totalling $21,164.
Albertans top the list, with an average of $27,313 in consumer debt for every person with a credit file.
Yet Equifax says the average debt load in the oil-rich province dropped by 0.1 per cent from the second quarter of 2014.
Among other things, Equifax says Canadians are adding to debt to buy new cars, with auto loans increasing by 3.9 per cent from the same period last year.
There was one province where consumer debt shrank in the second quarter of this year — recently struggling Alberta. Here is the average consumer debt per person for each province, and the change in percentage from last year…
