Solve Your Debts Canada

10/31/2023

Consumer Proposal is a great debt relief option for most Canadian consumers.

For Canadians in financial trouble, experts say filing a consumer proposal can be a ‘win-win’ for those struggling to get out from under debt mountain

10/30/2023

Caranci thinks Canadians are aware that interest rates aren’t going back to pre-pandemic levels, but she also thinks they’re too optimistic about when, and how fast, rates will go down.

TORONTO — With interest rates likely at or near their peak in Canada, experts say consumers shouldn’t expect rates to return to pre-pandemic levels. The central bank is more likely to bring its overnight rate to between two and three per cent, though not anytime soon, said David Macdonald, senio...

09/09/2023

Money mindsets can shape how people spend, invest and save.

A scarcity mindset isn't necessarily a reflection of your actual financial reality, but rather a pattern of thought that can be changed.

09/08/2023

This is a great article, I am so impressed that a Bank is suggesting a debt solution that does not involve taking on more debt.

Considering a consumer proposal or bankruptcy to deal with debt? Here are the main benefits — and challenges — to know for each one.

09/06/2023

Canadians can take a short breath, maybe. Bank of Canada holds interest rate steady at 5% | CBC News

The Bank of Canada opted to hold its benchmark interest rate steady at five per cent as the economy is showing more and more signs of cooling.

09/06/2023

Household debt rises to $2.34 trillion in Canada as average credit card balance jumps to $4,000: TransUnion report

A recent report from TransUnion shows a 4.2 per cent increase in Canadian household debt compared to the previous year, while the average credit card balance now stands at $4,000

09/05/2022

Financial aid is rarely an afterthought, but student debt is often a bigger problem than most university and college students in Canada anticipate. https://buff.ly/3wNM9mS

09/02/2022

If you don’t want to feel constantly strapped for cash, consider these tips to make some dough, keep spending in control, crush your savings goals and tackle student loan debt early.

Here are several ways you can create habits that encourage saving and smart spending so that college or university life can be less stressful.

09/01/2022

Want my kid to have a solid sense of financial literacy and good money habits in adulthood.

Want your kids to excel at managing their finances someday? Here’s how to get started on teaching kids about money.

08/19/2022

Are you feeling more anxious and fearful when it comes to planning your finances; there are ways to deal with the uncertainty by becoming more financially literate. https://buff.ly/3pld451

Many Canadian are feeling more anxious and fearful when it comes to planning their finances as compared to previous years, according to financial planning experts.

08/18/2022

What is your outlook on housing affordability? https://buff.ly/3QKd22q

Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada.

08/17/2022

But while gas prices declined, food prices rose at the fastest pace since August 1981, with prices up by almost 10 percent since a year ago. https://buff.ly/3bYisrT

Statistics Canada says the country's headline inflation figure dipped slightly to 7.6 per cent in July, down from 8.1 per cent the month before.