A recent poll from bankruptcy trustee Hoyes, Michalos & Associates Inc., and polling firm Harris/Decima points to an alarming trend: Canadians’ growing acceptance of personal debt.
Retired Canadians are holding less debt than the rest of Canada, but they’re also taking fewer measures to pay it off, according to a recent poll by CIBC poll and conducted by Harris/Decima.
While Canadians who hold debt are actively contributing to their retirement savings, the more debt products they hold, the less they are able to put away for the future each month, according to a new CIBC poll.
Almost half (49%) of debt-laden Canadians made at least one extra payment to bring down their balances last year, finds a new CIBC Poll.
When it comes to managing their cash flow and finances, Gen Y has a lot to think about. Paying down student loans isn’t their only priority; saving for a home and the future also top the list of to-dos for young Canadians.
Despite signs of economic recovery, Canadian families are feeling financially insecure, says a study by the Vanier Institute.
As if the sandwich generation didn’t have enough to fret about, they now have to worry about their new insurance needs, too. And many don’t even know it.
Emerging markets. For mainstream investors, the term evokes memories of the past, when many of the largest countries in the emerging world experienced bouts of volatility, elevated borrowing costs, currency devaluations, high political risk and episodes of default.
When it comes to financial planning, younger Canadians are all about debt reduction, not retirement planning, says a new CIBC poll.
Forget shedding pounds, it’s saving dollars that’s an overriding priority for Canadians pondering a worthy New Year’s resolution, according to a poll from Investors Group.