by Eloise Duncan | Jul 7, 2020 | Financial Health, Financial Resilience, Financial Wellness, Vancity
Source: Eloise Duncan | Date: July 7, 2020 Canada’s most vulnerable debtors are holding up admirably through the worst economic contraction since the Great Depression, thanks to massive government assistance and a steep drop in monthly spending. Non-bank lenders...
by Eloise Duncan | Mar 27, 2020 | Financial Health, Financial Resilience, Financial Wellness
Canadian housing once seemed so infallible that the head of the world’s biggest asset manager in 2015 described Vancouver condos as a better store of wealth than gold. The coronavirus is putting that theory to the test. While lockdowns, job losses and uncertainty are...
by Eloise Duncan | Nov 22, 2019 | Financial Health, Financial Resilience, Financial Wellness
ROB CARRICKPERSONAL FINANCE COLUMNIST The financial health of Canadian households took a big hit this year and worse may be ahead in 2020. A national survey of financial wellness shows an upsurge in the number of people who are spending more than their income, who...
by Eloise Duncan | Nov 19, 2019 | Financial Health, Financial Resilience, Financial Wellness
Moven, one of the original challenger banks, now relies more on enterprise platform applications than direct-to-consumer downloads. CEO Marek Forysiak says challenger banks must operate more like traditional banks if they expect to satisfy investors. He also explains...
by Eloise Duncan | Mar 11, 2019 | Financial Health, Financial Resilience, Financial Wellness
Cars, houses, Facebook and stagnant incomes – why you’re so stressed about money ROB CARRICK PERSONAL FINANCE COLUMNIST – GLOBE AND MAIL – March 8, 2019 Philip Bailey is worried that the family’s cost of daily living is making it difficult to save enough for...
by Eloise Duncan | Nov 28, 2018 | Financial Health, Financial Resilience, Financial Wellness
One of the saddest stories I’ve ever seen about indebtedness has been making the rounds on social media lately. It’s about a U.S. couple who make a combined US$160,000 per year, yet owe so much to so many that they can’t really keep track. This couple’s apparent...
