Household sector net lending reaches a record in Canada

Household credit market debt as a proportion of household disposable income fell from 175.4 per cent to 158.2 per cent

Household sector net lending reaches a record in CanadaHousehold sector net lending reached a record $69 billion in the second quarter, according to new data released Friday by Statistics Canada. “Although compensation of employees dropped considerably, this was more than offset by a significant expansion in government transfers to households meant to blunt the impact of the COVID-19-related measures; the result was a…

Canadians feeling less financially secure since COVID

Younger Canadians appear to be feeling the impact of the pandemic the greatest with 49 per cent feeling less financially secure

Canadians feeling less financially secure since COVIDA recent Sun Life survey indicates that nearly half of all Canadians (45 per cent) feel less financially secure since COVID-19 began and 44 per cent of those who say their mental health has been affected by the pandemic identify financial stress as the main factor. “Across the population, younger Canadians appear to be feeling…

Majority of Canadians stressed about their finances

The survey found that one-in-three Canadians are fearful of losing their job due to the pandemic

Majority of Canadians stressed about their financesA new survey released Tuesday by the Canadian Payroll Association finds that 58 per cent of Canadians feel more stressed about their finances due to the COVID-19 pandemic.  “The repercussions of the pandemic continue to threaten our country’s return to stability. Our research shows that COVID-19 has directly affected the financial stress of working Canadians,…

Canadians feeling more optimistic about their finances

Canadians feel more confident than ever about being able to cover their living expenses for the next 12 months without going further into debt

Canadians feeling more optimistic about their financesAfter reaching a record low in early March, the MNP Consumer Debt Index has climbed three points to 96, with increasing optimism about personal finances, said a new report released on Monday. The quarterly poll, which is conducted by Ipsos on behalf of MNP LTD, found that Canadians feel more confident than ever about being…
1 2 3 5