Financial News

Showing Tag: "debt" (Show all posts)

CNBC: 10 bad money habits to break to build wealth in 2018

Posted by Jackelyn Ford on Tuesday, January 23, 2018,
https://ca.finance.yahoo.com/news/10-bad-money-habits-break-143700769.html
Kathleen Elkins | December 29, 2017

If you want to get rich in 2018, try taking advice from those who have already done it. There are certain wealth-building habits that successful people swear by. And it's just as important to avoid toxic behaviors that can derail your finances.

If you're looking to make major financial strides in 2018, start by ditching these costly habits.

1. Making late payments

There's more to late pa...


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The Star: Your Wealth May Be Hiding In Plain Sight

Posted by Jackelyn Ford on Wednesday, October 25, 2017,
https://www.thestar.com/business/personal_finance/2017/10/02/your-wealth-may-be-hiding-in-plain-sight-vaz-oxlade.html
Gail Vaz-Oxlade | October 2, 2017

I once met a woman who was a little frustrated with her own good sense. “It’s so hard to see my friends and co-workers going on trips, buying new cars and eating out all the time — and not want that stuff too,” she said.

This woman was completely honest about how much she struggled with the idea of keeping up with the Joneses.

“My next d...


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The Star: Your Wealth May Be Hiding In Plain Sight

Posted by Jackelyn Ford on Wednesday, October 25, 2017,
https://www.thestar.com/business/personal_finance/2017/10/02/your-wealth-may-be-hiding-in-plain-sight-vaz-oxlade.html
Gail Vaz-Oxlade | October 2, 2017

I once met a woman who was a little frustrated with her own good sense. “It’s so hard to see my friends and co-workers going on trips, buying new cars and eating out all the time — and not want that stuff too,” she said.

This woman was completely honest about how much she struggled with the idea of keeping up with the Joneses.

“My next d...


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BNN: Scotiabank CEO calls on Ottawa to raise down payment rules again

Posted by Jackelyn Ford on Wednesday, June 1, 2016,
http://www.bnn.ca/News/2016/5/31/Bank-of-Nova-Scotias-CEO-calls-on-Ottawa-to-raise-down-payment-rules-again.aspx
Jameson Berkow | May 31, 2016

Brian Porter argues the federal government must intervene further if it hopes to slow the rapid rise of real estate prices in Canada’s two hottest housing markets.

The chief executive of Bank of Nova Scotia told BNN he is “a little concerned” about price activity in Vancouver and “maybe pockets” in Toronto, where the average price of a home has ...


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Inc.com: 10 Things Business Owners Can Count On in 2014

Posted by Jackelyn Ford on Tuesday, March 4, 2014,
http://www.inc.com/gene-marks/10-things-business-owners-can-be-certain-about-in-2014.html#!
Gene Marks | December 26, 2013

We are small business owners. We complain about uncertainty. We don't like surprises. Well, we can stop complaining.
Because here are 10 things you can be absolutely certain about in 2014.

1. Washington gridlock will continue. The Republicans are working to win back the Senate in this year's
Congressional elections. It’s a long shot. If they control both houses of Congress...


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BNN: 29% of households living paycheque to paycheque

Posted by Jackelyn Ford on Wednesday, May 29, 2013,
http://www.bnn.ca/News/2013/5/22/One-third-of-households-living-paycheque-to-paycheque.aspx
Bertrand Marotte | May 22, 2013

One-third of Canadian households over the past year never or almost never had enough money left over after paying essential expenses, says a new report.

A survey conducted for the Certified General Accountants Association of Canada indicates that 29 percent - or three in 10 - households found it difficult to sock away any money once key bills were paid.

The poll also shows t...


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CTV: One in three retirees still in debt: StatsCan report

Posted by Jackelyn Ford on Wednesday, March 7, 2012,
http://www.ctv.ca/CTVNews/Canada/20110427/retirees-debt-canada-110427/

CTV.ca news staff | April 27, 2011 

One-third of Canadian seniors still hold some amount of debt after they retire, new data from Statistics Canada reveal.

Some of those retirees are carrying large debts: 17 per cent of retired Canadians 55 years or older who have debt owe more than $100,000, the report found.

But on the other end of the scale, one in four of those with debt owe less than $5,000.

"Debt in this range may simply ...


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Globe & Mail: The scary real U.S. government debt

Posted by Jackelyn Ford on Monday, October 3, 2011,
http://www.globeadvisor.com/servlet/ArticleNews/story/gam/20101027/RBREYNOLDSCOLUMN1027ATL 

Neil Reynolds | October 27, 2010

Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion - 840 per cent of current GDP. "Let's get real," Prof. Kotlikoff says. "The U.S. is bankrupt."

Writing in the September ...


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Financial Post: Canadian debt still high but there is some good news to bank

Posted by Jackelyn Ford on Sunday, September 18, 2011,
http://business.financialpost.com/2011/06/20/canadians-debt-still-high-but-there-is-some-good-news-to-bank/Eric Lam | June 20, 2011

So the latest household accounts data released Monday surprised exactly no one showing Canadian debt-to-income ratios at a new record high of 147.3% in the first quarter of 2011, but here are a few good things (and one not so good) to take away from the Statistics Canada report.

Canadians are slowing down their borrowing

Growth in the most common consu...


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CBC: 5 reasons you and your credit card should stay broken up

Posted by Jackelyn Ford on Wednesday, May 25, 2011,
http://www.cbc.ca/news/business/story/2011/02/15/f-forbes-investopedia-credit-card-breakup.html
Friday, February 18, 2011 | Investopedia, Forbes.com

The recent economic downturn had everyone tightening their belts: we were all saving more, spending less and paying down our debt. Things are turning around according to economists, and America is rekindling its love affair with plastic — consumer credit card debt rose in December 2010, the first increase since 2008. Revolving debt is up 3...
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BNN: Debt reduction versus RRSP contributions

Posted by Jackelyn Ford on Tuesday, March 1, 2011,
http://www.bnn.ca/News/2011/2/4/Debt-reduction-versus-RRSP-contributions.aspx
Dale Jackson, BNN.ca staff for The Globe and Mail | February 4, 2011

Canadians are another RRSP season older – and deeper in debt.

In 2010 we owed $1.48 for every dollar we earned, up from $1.45 the year before. According to the Ottawa-based Vanier Institute of the Family we’ve climbed high on the debt mountain: In 1990, the figure was 90 cents.

What’s worse, these figures tell only part of the deb...


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About These Articles


Jackelyn Ford These articles have been chosen because they provide a macro view of the financial world. This wide scope of articles can then be applied to aid your own personal financial situation. E.O.E.