Canadians age 65 and over who are in debt fear that they will never be able to pay it off—more so than other indebted age groups, according to a new survey.
More than half (59%) of retired Canadians say they’re carrying debt, with 19% saying they’ve piled on more over the last year, finds a CIBC poll.
A warning to Canadians who think it can't happen here.
Coverage of the 2012 Investment Innovation Conference.
Coverage of the 2012 Investment Innovation Conference.
In today’s macro environment fraught with confusing cross-currents, real estate has continued to show investors its flexibility and mettle. In particular, mezzanine debt, global real estate investment trusts (REITs) and build-to-core strategies hold great potential.
A growing number of Canadians report having no personal debt, according to results from RBC’s second annual Debt Poll.
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.