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.
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.