Tag Archives: debt

You’re not as rich as you think

With Canadian policy makers led by Governor Stephen Poloz increasing the benchmark overnight rate to 1.25 percent last week, marking the highest level since the global recession and their third hike since July Canada also became the first major central bank to move ahead with a rate increase in 2018. However central bank officials also […]

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Are Canada’s Central Bankers out of touch with Main Street or what?

In spite of a recent report issued earlier this month by the Institute of International Finance (IFF) that the world is swimming in a record $233 trillion of debt, soaring to a record $233 trillion in the third quarter of 2017 Canada’s central banker went ahead today anyways, raising rates by another .25% to 1.25. […]

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Land of the Empty Wallets

More than half of Canadians are living within $200 per month of not being able to pay all their bills or meet their debt obligations, according to a recent Ipsos survey conducted on behalf of accounting firm MNP. For 10 per cent of Canadians, the margin of error when it comes to household finances is even thinner, […]

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Alberta: Government Fueling the Debt Culture

Today’s sheep are spared, so that tomorrow’s may be more lavishly fleeced. Finance Minister Joe Ceci’s budget released this past Thursday showed a $10.3 billion deficit for the coming year and that Alberta’s debt would rise to $71.1 billion by 2020! Remember it was only 12 years ago, in 2005 in fact, that Alberta was […]

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I want to do right, just not right now

A new poll from CIBC finds that paying down debt is once again the top financial priority for Canadians in 2017, the seventh straight year that debt concerns have headlined the annual survey. Coming in at nearly 30 per cent, prioritizing debt repayment is at its highest level since 2010. According to the latest data […]

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Focusing on the practical versus the sexy

While our provincial and federal government intelligentsia continue to focus their legislative efforts on critically important activities (I say this purely in jest) such as new environmental regulation, carbon taxes and carbon levies in an attempt to reduce Canada’s current whopping 1.6% share of total global GHG (greenhouse gas) emissions Albertan’s and many Canadian’s for […]

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The Donald or Hillary: It’s Tribal

Naturally with the Republican National Convention taking place this week the fitness of The Donald as President has once again taken the centre of debate on social media, most especially amongst many of my more ‘progressive’ friends and associates.  Doomsday scenarios, demagogue, war, hate, class warfare you name it, it’s all part of the narrative.  […]

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Money: No Cash Value

We ran across a rather odd, yet rivetingly important story this past week that didn’t really seem to be picked up by mainstream media (surprise, surprise). It made us wonder if we have now officially entered the late innings of a game that’s bound to end badly for all of us. As a rather unusual […]

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Majority Mindset on Debt

In our previous post where it was revealed in a recent Ipsos Reid poll that nearly half the respondents were within $200.00 of not being able to pay their bills, leading us to wonder if this was the result of an income problem or spending problem, the Fraser Institute recently released a study on the […]

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Consumer Debt: Bridging the Gap

According to a recent Manulife Bank survey (click here) more than one third of Canadian households have been covering monthly living expenses by running up credit lines, credit cards, or even selling off investments and hitting up family members for much needed cash. More troubling however is that the survey also found that 14 percent of […]

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