Moody’s Investors Services joined the Bank of International Settlements (BIS) and S&P Global Ratings this month warning that Canada’s banking system, dominated by the Big 5, is facing a growing threat of souring consumer loans amid rising interest rates. Canada’s ratio of household debt to disposable income reached a record 171 percent in Q3 of…
read moreMonth: March 2018
The 1.8 Trillion Dollar Millstone
As a collection agency Edmonton, collection agency Calgary and collection agency GTA we recognize that the vast majority of consumers we inevitably end up dealing with are good people, with good intentions that have now simply arrived at the tipping point of having to either try to continue to rob Peter to pay Paul or,…
read moreAlberta Economic Outlook 2018
All signs point to growth for Alberta’s economy in 2018 with non-energy sectors poised to perform well, particularly agriculture, agri-foods, tourism and technology. Still, challenges continue, with the unemployment rate stubbornly high and some businesses in the province struggling. Notwithstanding the above, we suspect as a collection agency Edmonton, collection agency Calgary we will continue…
read more