About half of Canadians experienced a financial impact due to COVID-19. And women were disproportionally affected by the pandemic. If keeping up with bills and financial obligations has become a challenge, you’re not alone. There are ways you can begin to take charge of your personal finances once again. Know your options If you’re having… Continue reading Taking Charge of Your Finances
Tag: debt
Canadians Now Owe $1.71 for Every Dollar They Have to Spend
Source: The Canadian Press, cbc.ca, December 12, 2020 Debt ratio rises to 171% Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday. In other words, Statistics Canada said, household debt as a percentage of disposable income rose to 170.7 per cent in… Continue reading Canadians Now Owe $1.71 for Every Dollar They Have to Spend
Government of Sask. Introduces New Measures to Advance Saskatchewan’s Climate Strategy
The Government of Saskatchewan continues to implement key commitments made in the province’s climate change strategy, Prairie Resilience, to help reduce greenhouse gas (GHG) emissions while maintaining a competitive economy. As part of their strategy, the government introduced performance standards in 2019 that are required for facilities that emit at least 25,000 tonnes of carbon… Continue reading Government of Sask. Introduces New Measures to Advance Saskatchewan’s Climate Strategy
Household Debt Ratio Drops to 158% of Disposable Income
Source: Erica Alini, globalnews.ca, September 12, 2020 The average Canadian now owes $1.58 per dollar of disposable income. Canada’s household debt ratio registered a significant decline between April and June, as the government rolled out extensive income-support measures linked to the novel coronavirus pandemic, Statistics Canada said on Friday. The agency said household credit market… Continue reading Household Debt Ratio Drops to 158% of Disposable Income
Elk Ridge Golf Resort Enters Receivership
Source: Nicole Di Donato, saskatoon.ctvnews.ca, June 23, 2020 As of May 6, Elk Ridge’s outstanding loans to Conexus equaled $13,289,737.71, SASKATOON — One of Saskatchewan’s largest golf resorts two hours north of Saskatoon has gone into receivership. Elk Ridge Golf & Conference Centre near Waskesiu has been listed for sale on the Colliers International website.… Continue reading Elk Ridge Golf Resort Enters Receivership
What Happens When Canadians Max out Their CERB?
Source: Beatrice Britneff, globalnews.ca, June 10, 2020 Policy analysts and experts are examining what will happen next and making recommendations about what the federal government can do once people’s CERB runs out but they are still unemployed due to COVID-19. Questions are mounting about how the federal government will continue to support Canadian workers who… Continue reading What Happens When Canadians Max out Their CERB?
Canadian Households Face Huge COVID-19 Debt Crisis
Source: David Akin, globalnews.ca, June 08, 2020 Deferrals won’t last forever, and eventually, the bills will come again. The coronavirus pandemic that began as a public health crisis then metastasized into an economic crisis is likely to finish as a debt crisis that could end up swamping not only some governments but also hundreds of… Continue reading Canadian Households Face Huge COVID-19 Debt Crisis
As Virus Costs Soar, UK Borrowing Costs at All-Time High
Source: John Paul Tasker, cbc.ca, May 21, 2020 Ultimately, economists say taxes will have to rise, or spending cut. Government borrowing surged to £62bn in April, the highest monthly figure on record, after heavy spending to ease the coronavirus crisis. It means the deficit – the difference between spending and tax income – was larger… Continue reading As Virus Costs Soar, UK Borrowing Costs at All-Time High
Has COVID-19 Made This a Good Time to Buy a House?
Source: Erica Alini, globalnews.ca, May 19, 2020 The short answer is: it’s complicated Many prospective homebuyers in Canada’s priciest markets are wondering whether the economic crisis triggered by the COVID-19 pandemic comes with a silver lining for them. Will this, perhaps, be their chance to finally step on the property ladder? Read full article here…… Continue reading Has COVID-19 Made This a Good Time to Buy a House?
Americans Are Saving Like It’s the ’80s
Source: Matt Egan, saskatoon.ctvnews.ca, May 13, 2020 Fear of job loss due to the COVID-19 pandemic, many are drastically scaling back their credit card debt, the most expensive form of typical borrowing. Americans are slashing their spending, hoarding cash and shrinking their credit card debt as they fear their jobs could disappear during the coronavirus… Continue reading Americans Are Saving Like It’s the ’80s