In Canada, individuals facing financial difficulties often find themselves at a crossroads when deciding how to manage their debts. One of the...

As of 2023, approximately 36% of Canadians are grappling with credit card debt. This significant statistic highlights the ongoing challenge that many...

As of 2023, approximately 22% of Canadians reported missing at least one bill payment in the past year. This alarming statistic highlights...

As of 2023, the average mortgage debt in Canada stands at approximately CAD 370,000, reflecting a significant financial commitment for the average...

Debt can be a heavy burden, and many Canadians find themselves seeking ways to manage or eliminate it. One popular option for...

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...