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Credit cards good for the economy: Visa

A new study says that using your credit cards is good for the economy. The study was done by Moody’s Analytics for Visa. It looked at card usage in 56 countries, including Canada, and found that...

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Canadians ending year in positive mood about economy, real estate

Canadian consumers are feeling pretty good about themselves, their jobs, the real estate market and the economy at large as we head into a new year. This is the conclusion of the latest year-end...

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Canadians haven’t been spending, interest rates stay put again

Sports are good for the economy. Canadians are spending on home renovations and vacations, but not so much on flowers and groceries. It seems we would rather fix up the place and go away somewhere nice...

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Higher consumer debt a “cautionary tale” says credit agency

The level of Canadians’ collective indebtedness is up again, reports Equifax Canada. At the end of 2014, Canadians owed $1.529 trillion, 7.7 per cent more than one year ago. Most of that...

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Consumer debt up, but most Canadians paying it back

The average Torontonian has less personal consumer debt ($19,780, excluding mortgages) than residents of most other cities in Canada. As well, the average Toronto borrower pays his or her bills on...

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Housing market, exports to lift Ontario economy in 2016: RBC

Surging exports, firm consumer spending and strong housing market activity have supported the modest growth in Canada’s economy this year, and they will support even greater growth next year. Growth in...

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How to spend less, save more in 2017

Not that anyone is in the mood for financial advice at this particular time of year, this being the first day back at work for many after the gaiety, indulgence and over-spending of the festive season,...

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