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Canadian Debt Skyrockets – Are You Feeling the Pinch?

Canadian Debt Skyrockets – Are You Feeling the Pinch?

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...
Rebuilding Credit: Make Your 2020 Resolution a Better Credit Rating

Rebuilding Credit: Make Your 2020 Resolution a Better Credit Rating

The New Year is upon us – do you know what your New Year’s Resolution is yet? Whether you have an idea or not, we’d like to make a suggestion: how about rebuilding credit as your resolution? Many times people resolve to balance their budget, pay down credit cards, or...
The Bank of Canada Interest Rate is Staying the Same for the Rest of 2019

The Bank of Canada Interest Rate is Staying the Same for the Rest of 2019

Start Your New Year’s Financial Planning Early! The Bank of Canada interest rate is officially staying at 1.75% for the rest of the year. On December 4, 2019, the Bank of Canada (BOC) announced the interest rate would remain the same for another month. This marks no...
Canadian Interest Rate Staying the Same for the Summer

Canadian Interest Rate Staying the Same for the Summer

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...