Consumer confidence is suffering an unprecedented decline

4/15/2020 | Posted in Canada Living by Jessi Sandhu

Nearly four-fifths of Canadians expect the economy to worsen over the next few months. ... More

Tags: Canadian Housing Market, Consumer Confidence, Personal Finance

Millions of Canadians already missing payments due to COVID-19

3/27/2020 | Posted in Financial Health by Jessi Sandhu

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

Tags: Consumer Confidence, Consumer Spending, Cost of Living, Household Debt, Personal Finance

Canadian consumer confidence takes unprecedented slump

3/19/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. ... More

Tags: Canadian Housing Market, Consumer Confidence, Consumer Spending, Economic Growth, Personal Finance

More people are going broke in Canada as interest rates rise

1/9/2019 | Posted in Financial Health by Jessi Sandhu

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

Tags: Bankruptcy, Consumer Confidence, Consumer Spending, Finance, Household Debt, Interest Rates, NonMortgage Debt, Personal Finance

Confidence in the economy, real estate is growing

8/21/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances. ... More

Tags: Canada Real Estate, Consumer Confidence, Personal Finance

Economic rebound, greater consumer spending imminent

6/27/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Analysts are optimistic that the Canadian economy will bounce back soon, bringing with it increased consumer spending. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Consumer Confidence, Economic Growth

Household spending shows early symptoms of fatigue

4/27/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Canadian households, the main driver of the country’s economy for the past decade, are showing signs of spending fatigue. ... More

Tags: Bank of Canada Benchmark Rate, Canada, Consumer Confidence, Economic Growth, Household Debt

Canadian household debt hits another record in fourth quarter

3/15/2017 | Posted in Financial Health by Jessi Sandhu

The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada said the amount of household ... More

Tags: Consumer Confidence, Household Debt, Lifestyle, Mortgage Consumers, NonMortgage Debt, Personal Finance, Statistics Canada

Canadians continue to pile up non-mortgage debt: report

11/16/2016 | Posted in Financial Health by Jessi Sandhu

Canadians continued to pile up non-mortgage debt compared with a year ago but delinquency rates remained low, according to credit monitoring agency TransUnion. ... More

Tags: Canada, Consumer Confidence, Finance, Household Debt

Lender warns over rising household debt

8/25/2016 | Posted in Home Owners by Jessi Sandhu

Canadians are borrowing more as low interest rates help drive a thirst for credit. Non-mortgage loans increased in the second quarter of 2016 according to RBC, especially auto ... More

Tags: Consumer Confidence, Home Owners, Household Debt