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The financial resilience and financial well-being of Canadians during the COVID-19 pandemic

As Canada continues to recover from the health and economic impacts of the COVID-19 pandemic, there are concerns for the financial well-being of Canadians and a heightened awareness of the need for households to maintain or build their financial resilience. Financial...

Looking at Canada’s COVID-19 experience through a well-being lens Since mid-March 2020, Canada has faced profound economic and social impacts as a result of the COVID-19 pandemic. For obvious reasons, much attention has been placed on the immediate health effects of...

PROVIDING A DEEP DIVE ON THE FINANCIAL RESILIENCE AND VULNERABILTY OF CANADIANS DURING COVID-19

During COVID-19 over 18 million adult Canadians are not ‘Financially Resilient’, with the financial health and resilience gap widening between June and October NORTH VANCOUVER, BC, CANADA, November 26, 2020 /EINPresswire.com/ -- SEYMOUR MANAGEMENT CONSULTING INC....

Subprime Canadian borrowers are weathering the crisis just fine

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...

Once Safer Than Gold, Canadian Real Estate Braces for Reckoning

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...

‘Debtpocalypse’ now? Stress levels about money are soaring, and so are consumer insolvencies

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...