by Prudent Financial Services | Mar 25, 2020 | Canadian Consumer Debt, Consumer Debt, Debt Freedom, Financial Planning, Financial Problems, Getting Out of Debt, Prudent Financial
Recent news reports have indicated a troubling situation for Canadian consumer debt. For the first time ever, Canadians have more than $100 billion in credit card debt, according to TransUnion Canada. Forecasts also predict that the average Canadian’s non-mortgage...
by Prudent Financial Services | Mar 20, 2020 | Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Consumer Debt, Financial Problems, Interest Rates, Prudent Financial
These past couple weeks have been enormously difficult for many Canadians due to the outbreak of the novel coronavirus, COVID-19, and subsequent measures to “flatten the curve.” While these undertakings are aimed to keep the public safe and reduce infection risk,...
by Prudent Financial Services | Jan 29, 2020 | Consumer Debt, Credit Card Debt, Debt Management, Financial Counselling, Financial Problems, Getting Out of Debt, Loan with Bad Credit, Prudent Financial
It’s Bell Let’s Talk Day – a day that creates awareness around mental health initiatives. This topic is so important, particularly when it comes to finances, as money problems and mental health are often interconnected. Debt frequently triggers stress, which can...
by Prudent Financial Services | Sep 4, 2019 | Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Consumer Debt, Getting Out of Debt, Interest Rates, Prudent Financial
The Bank of Canada (BOC) is maintaining the Canadian interest rate for another month. On September 4, 2019, the BOC announced that they are keeping the overnight interest rate at 1.75% — the same rate it has been since October of 2018. Economic Uncertainty Some...
by Prudent Financial Services | Jul 10, 2019 | Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Consumer Debt, Debt Consolidation, Financial Planning, Interest Rates, Prudent Financial
Why It’s the Perfect Season for Debt Consolidation The Canadian interest rate isn’t going up this summer. On July 10, 2019, the Bank of Canada (BOC) announced that the Canadian interest rate will remain unchanged this month, staying at 1.75%. As this is the last BOC...
by Prudent Financial Services | Mar 6, 2019 | Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Consumer Debt, Interest Rates, Prudent Financial
The Bank of Canada is keeping interest rates the same for another month. On March 6, 2019, the Bank of Canada (BOC) announced it would be maintaining the current 1.75% interest rate. This rate has been in place since October of 2018. Part of the BOC’s reasoning had to...
