On average, Canadians expect to be debt-free by the time they are 56 years old although some Canadians see themselves carrying debt well into their sixties, a CIBC poll finds.
Most Canadians with debt would be significantly impacted if interest were to rise two percentage points, finds BMO’s annual debt report. Sixty-four percent say their budgets would be strained, while 25% say they would be very financially stressed.
There is little evidence that Canadian households are being irresponsible in taking on new debt, finds a Fraser Institute study.
Canadians are adding to their debt levels at a dizzying rate, reports MoneySense.
To absolutely no one’s surprise, Canadian households continue to pile on more debt, reports Maclean's.
Want your employees to save more for retirement? Help them get out of debt.
Paying down debt remains the top financial priority for Canadians in 2015—the fifth year in a row it has topped the list in the annual CIBC survey.
More than eight in 10 Canadians aren’t worried about their level of personal debt, finds a new CIBC poll.
As Canadians struggle to reduce their debt while also preparing for retirement, many homeowners expect to access their home equity to supplement their retirement income.
And how to manage the resulting volatility.