The average household debt in Canada has risen 6% in the past year to $76,140.
During the darkest days of the 2008/09 financial crisis, emerging market fixed income showed surprising resilience. From Poland to Mexico to South Korea, local-currency debt markets survived the storm relatively unscathed, buttressed by strong local institutions and sound policy decisions.
Canadians currently holding some form of debt expect to be debt-free by the age of 53, according to a poll.
Many countries have too much debt today—and debt levels are moving higher, said Dr. Lacey Hunt, executive vice-president of Hoisington Investment Management Company, at a recent CFA Society event.
The health of Canadian households improved in the fourth quarter of 2013, according to Statistics Canada.
Canadians have made a small dent in reducing their debt load.
The consumer debt load of Canadians rose to a record $1.42 trillion nationally at the end of 2013, according to a report from Equifax Canada.
A report finds that institutional investor appetite for real estate debt investments has grown dramatically over the last two years.
While Canada’s national credit delinquency rate has reached a record low, consumers—especially seniors—have accumulated more debt, a survey reveals.
While 2013 has been challenging for emerging markets debt, the picture should improve in the long term.