Taking care of personal finances in challenging times

Lesley-Anne Scorgie, founder of MeVest, a financial education company, talks about the importance of taking care of your personal finances during these challenging times.

It's Your Business with Mario Toneguzzi: Lesley-Anne Scorgie, founder of MeVest, a financial education company, talks about the importance of taking care of your personal finances during these challenging times. Click on the icon below to Subscribe to our YouTube Channel

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…

Canadian debt levels on the rise

Calgary’s average debt excluding mortgages was $28,890 which was down 3.64 per cent from a year ago. But the delinquency rate of 1.46 per cent rose by 12.54 per cent

Canadian debt levels on the riseDespite the economic impact of COVID-19, a strong recovery in the Canadian housing market and a slower paydown of existing mortgages helped push total consumer debt to 1.991 trillion dollars in the second quarter, according to Equifax Canada’s most recent report on consumer credit conditions.  The report said consumer debt in Canada has risen by…
1 2 3 5