credit cards NEWS
- Canadians often beset by debt
April 05, 2012
In what may come as a surprise to some, a new report suggests that many Canadians are under piles and piles of debt due to unpaid bank loans and credit card bill statements.
- Baby boomers to work later in life
March 28, 2012
Over the course of the next 20 years, a considerable number of older Canadians will stay in the workforce rather than retiring, a new report concludes.
- Fraud attempts becoming more common
March 27, 2012
The Ontario Provincial Police is urging Canadian consumers to be wary of unsolicited offers they receive from companies that say they can help lower their interest rates on their loans and credit cards.
- Poll: Canadians tap savings for debt reduction
March 13, 2012
A new survey suggests that Canadians tend to be more willing to pay down their debts with their savings when compared to consumers from other countries.
- Canadians putting off retirement
February 24, 2012
While many people once assumed that they would retire by the time they reached the age of 65, a new survey suggests that belief has changed for a considerable number of Canadians.
- Sentiment with economy dwindling
February 15, 2012
While Canada's economy may be performing well in comparison to other countries, that hasn't necessarily translated into optimism.
- Canadians keep spending low during holidays
February 01, 2012
Despite consumers' best efforts to cut back on spending, the holidays are typically an occasion when people go over budget. But this past year was an exception to that rule for a considerable number of Canadians.
- RCMP breaks credit card fraud ring
January 27, 2012
After a considerable amount of time and resources were allocated by the Royal Canadian Mounted Police to stopping an ongoing credit and debit fraud operation, it appears officers' devotion has finally paid off.
- Over half of Canadians lack retirement savings
January 25, 2012
A new survey indicates that a considerable number of Canadians feel financially insecure about their retirement savings.
- Canadians hope to retire before 65
January 11, 2012
When it comes to determining the ideal time in which to retire, Canadians of different ages tend to have similar views, a new report indicates.
- Many Canadian women abandon resolutions a month later
December 30, 2011
As Canadians enter 2012 with a fresh sense of determination that they'll achieve their New Year's resolutions, a considerable number of women say they've failed to live up to their commitments weeks after making them in the past.
- Canadians put saving money ahead of losing weight
December 27, 2011
While losing weight is typically the top New Year's Resolution for many Canadians, a new survey indicates individuals are putting concerns about their wallets ahead of their waistlines.
- Stress, spending up as Christmas approaches
December 22, 2011
With the end of the Christmas shopping season just days away, final retail sales results will detail how much Canadians actually spent on holiday gifts. But in the meantime, a recent survey suggests Canadians have spent more than they have in previous years.
- Many yet to complete holiday shopping
December 19, 2011
Despite being just days away, a considerable number of Canadians have not finished their holiday shopping, a new survey indicates.
- Financial stress leaving many Canadians sleepless
December 15, 2011
Money worries can often weigh on people's minds throughout the day. But according to doctors, people have become so stressed by their financial situation that it's leaving many people sleepless.
- Men, women have similar views on financial success
December 12, 2011
When it comes to defining financial success, Canadian men and women tend to have similar beliefs.
- Canadians' debt totals diminish again
December 06, 2011
A new survey indicates that more Canadians were able to pay off some of their debt obligations in the third quarter.
- Canadians going online for holiday buying
November 28, 2011
As more people look to avoid the crowds that are associated with holiday shopping, a considerable number of Canadians plan to buy their gifts online this year, a new survey indicates.
- Canadians to cut credit use for holidays
November 24, 2011
A new survey indicates Canadians will try to stay within their budget for the holidays by paying with cash and debit more often.
- Canadians giving thanks for Black Friday sales
November 21, 2011
In the days after America celebrates its Thanksgiving, many retailers offer significant discounts in an attempt to drum up demand for holiday shopping. And as a new survey indicates, many Canadians will be looking to take advantage of the sales events.
- Student debt doesn't have to be burdensome
November 15, 2011
When students graduate from university, they're often so burdened down with student loans that it makes any type of significant purchase, such as a house, seem remote. But as financial advisors tell the National Post, it doesn't have to be that way.
- Quebec consumers confident in contrast to country
October 14, 2011
A new poll indicates that Quebecers are generally pretty optimistic about their financial state.
- Ontarians believe they'll retire debt-free by 63
October 07, 2011
When it comes to how financially secure Ontarians believe they will be when they retire, Ontarians are pretty optimistic, a new poll indicates.
- Parents teaching their kids financial lessons
September 26, 2011
In order to prepare their kids to take care of bills when they grow older, a considerable number of Canadian parents are teaching their children financial literacy skills at home, a new survey reveals.
- Two-thirds worry about retirement income
September 21, 2011
A new poll is providing some revealing statistics regarding some of the issues Canadians experience on a day-to-day basis. One of the most striking findings is with regards to Canadians' financial standing.
- Consumer confidence falls in September
September 19, 2011
Dour economic conditions on the world stage are being cited as the reason for why Canadians' consumer confidences levels are declining.
- Many comfortable with their debt levels
September 16, 2011
For the most part, Ontarians aren't too concerned about the amount of money they owe to creditors, a new survey reveals.
- Household debt totals $1.7 trillion
September 15, 2011
Household debt in Canada skyrocketed in the second quarter of 2011, according to a new report released by Statistics Canada earlier this week.
- Credit card debt problematic for many
September 13, 2011
When Canadians accessed their employer's financial assistance programs last year, approximately 66 per cent used the service to help pay off their credit card debt, a new report from the Morneau Shepell Reserach Group indicates.
- Poll: 57 per cent have difficulty saving
September 09, 2011
Approximately four out of every 10 Canadians say they will likely put off retirement because they are struggling to make ends meet, a new poll finds.
- Debt totals stabilizing among Canadian consumers
September 08, 2011
More Canadians appear to be paying off their credit card debt, as a new survey from TransUnion indicates consumers' debt loads are stabilizing.
- Canadians confident about their jobs
September 06, 2011
Despite global economic uncertainty, a majority of Canadians are confident about the security of their jobs, according to a recent poll.
- High tuition costs hitting Ontario families hard
September 01, 2011
As Ontarians get ready to go back to school, a new study is revealing just how expensive it is to attend university in the province.
- Parents spending less on back-to-school
August 31, 2011
With classes reconvening shortly, back-to-school shopping sprees will soon be wrapping up. But according to a new poll from the Royal Bank of Canada, more than a third of parents aren't exceeding their budget this year.
- Student organization says grace period should be extended
August 16, 2011
The Canadian Federation of Students-Ontario is applauding government officials after their recent announcement that graduates working in the non-profit sector will have a longer period of time to pay off their student loans.
- Nearly three out of four in debt
August 10, 2011
A new poll indicates nearly three out of every four Canadians hold some type of debt, such as a mortgage or credit card balance, with nearly half saying their indebtedness is derailing their financial goals.
- Survey: 40 per cent lack financial backup plan
August 09, 2011
A new survey is indicating a considerable number of Canadians do not have a financial plan in place should they have short-term money issues.
- Unemployment among Canadian students 17.4 per cent
August 08, 2011
Canadian students may be looking forward to classes starting again, as a new survey indicates many of them had little to do over their summer vacation.
- BMO offers financial tips with mortgage rates anticipated to rise
July 25, 2011
While mortgage rates have varied over the past several months, market forecasters predict rates will rise more precipitously as the year goes on. As a result, this may have some Canadians looking for ways to pinch pennies so they can still make all their payments.
- Canadians' top financial priority is their kids' college education
July 20, 2011
A new poll is indicating where Canadian parents' financial goals lie.
- Summer sun leads to increased spending among Ontarians
July 13, 2011
Perhaps because there are more things to do in the summer months, Ontarians say they tend to spend more money when the weather warms than when it cools, a new poll indicates.
- Union boss says Canada's job market is 'stuck in neutral'
July 12, 2011
Though a Statistics Canada report indicates the economy added nearly 28,500 new jobs last month, the president of the Canadian Auto Workers union said the state of hiring in the country is far from robust.
- Study: Average Canadian with debt has a balance of nearly $7,000
June 29, 2011
Scotiabank has released a study showing the average Canadian consumer carries a significant debt load.
- Poll: Canadians prefer convenience of credit over cash
June 28, 2011
As more Canadians receive their news and information from paperless technologies like laptops, smartphones and iPads, a recent poll is suggesting they would be comfortable paying for things without paper as well.
- Study: Debt reaches all-time high in Canada
June 15, 2011
A new study has found that the cost of living has become so high for Canadians that they are incurring record levels of debt, perhaps due to the rate of credit card usage.
Contributing writers
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