Canada’s most vulnerable debtors are holding up admirably through the worst economic contraction since the Great Depression, thanks to massive government assistance and a steep drop in monthly spending. Non-bank lenders active in the subprime market — such as goeasy...
Canadian housing once seemed so infallible that the head of the world’s biggest asset manager in 2015 described Vancouver condos as a better store of wealth than gold. The coronavirus is putting that theory to the test. While lockdowns, job losses and uncertainty are...
ROB CARRICKPERSONAL FINANCE COLUMNIST The financial health of Canadian households took a big hit this year and worse may be ahead in 2020. A national survey of financial wellness shows an upsurge in the number of people who are spending more than their income, who...
Moven, one of the original challenger banks, now relies more on enterprise platform applications than direct-to-consumer downloads. CEO Marek Forysiak says challenger banks must operate more like traditional banks if they expect to satisfy investors. He also explains...
Cars, houses, Facebook and stagnant incomes – why you’re so stressed about money ROB CARRICK PERSONAL FINANCE COLUMNIST – GLOBE AND MAIL – March 8, 2019 Philip Bailey is worried that the family’s cost of daily living is making it difficult to save enough for...
One of the saddest stories I’ve ever seen about indebtedness has been making the rounds on social media lately. It’s about a U.S. couple who make a combined US$160,000 per year, yet owe so much to so many that they can’t really keep track. This couple’s apparent...
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