by Eloise Duncan | Jun 23, 2017 | Financial Health, Financial Wellness
IN MATTERS of finance, if not climate, Canada is usually temperate. It was barely moved by the economic storms that blew the roof off America and Europe in 2008-09. Its banks were steady, it was argued, in part because they were shielded from the ferocious competition...
by Eloise Duncan | Jun 9, 2017 | Financial Health, Financial Resilience, Financial Wellness
Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from Manulife Bank suggests. The bank polled 2,098 homeowners — between the ages of 20 to 69 with...
by Eloise Duncan | Jun 9, 2017 | Financial Health, Financial Resilience, Financial Wellness
About 3.3 million Canadians say they are dealing with income volatility to the extent their monthly income can fluctuate by 25 per cent or more, according to a study published Wednesday. In what appears to be to a first in Canada, Toronto-Dominion Bank commissioned a...
by Eloise Duncan | Jun 8, 2017 | Financial Health, Financial Wellness
High levels of household debt and red-hot housing markets in Toronto and Vancouver pose the biggest threats to the stability of the country’s financial system, the Bank of Canada said Thursday. The housing price and the household debt problems are linked, as Canadians...
by Eloise Duncan | May 23, 2017 | Financial Health
The average mortgage debt in the country rose 11 per cent during the past year to more than $200,000 even as 52 per cent of Canadians say they lack the financial flexibility to quickly adjust to a change in costs, according to a new survey. Manulife Bank’s annual...
