In 2025, it is projected that total household debt in Canada will reach approximately CAD2.7 trillion, highlighting an ongoing trend of rising...
As of 2025, the average debt-to-income ratio in Canada is estimated to be around 175%. This statistic highlights the balance between an...
As of 2023, approximately 41% of Canadians do not have an emergency fund, according to a recent survey conducted by the Canadian...
Loan refinancing is a financial strategy that can help Canadians manage their debt more effectively. But how does loan refinancing work in...
In 2025, the savings rate in Canada is projected to reach approximately10.5%, continuing a trend of increasing financial prudence among Canadians. This...
As of 2023, the average credit score in Canada by province varies significantly, with British Columbia and Ontario leading with average scores...
Understanding the differences between consumer proposals and bankruptcy is crucial for Canadians facing financial difficulties. As of 2023, approximately 56% of individuals...
Managing debt is a challenge that many Canadians face at some point in their lives. One common question that arises is, ‘Is...
In Canada, approximately 130,000 individuals file for personal bankruptcy each year, highlighting the increasing financial strain on many households. Understanding the top...
