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Wealth Professional | 17 Feb 2016, 08:15 AM Agree 0
Nearly half of Canadians say they are a shockingly low amount away from plunging into a financial crisis
  • Michael J Dumond CFP ChFC CLU TEP | 17 Feb 2016, 12:33 PM Agree 0
    How much further strain on these peoples meeting current debt management would the proposed Ontario Pension plan levie. Or rising cost of Hydro. Thank fully the Liberals have pushed it off 2 years. This article is proof that the average worker in Ontario cannot afford to give up $100.00 per month from their paycheck for the the Wynn gov. OPP.
  • Murray Schultz | 17 Feb 2016, 12:34 PM Agree 0
    Looming insolvency is a secret that many households will not be able to protect any longer. The credit bubble is the single most corrosive process at work in our economy. In large markets such as Vancouver and Toronto, people have been living well beyond their reliable means for at least a decade. Out-sized real estate pricing, low wages and declining CDN dollar purchasing power have combined with poor investment returns to make us a nation of underclass citizens in comparison to foreign investors, particularly in the real estate sector. The question is, on what basis have bank and credit card companies expanded personal credit? It can't all be about wallet share.
  • Donn j Cahill | 21 Feb 2016, 05:11 PM Agree 0
    For one sector of the market the home owners, we as independent mortgage agents try to get clients to use any and all options to pay down their mortgages faster ie; annual & monthly prepayments coupled with an accelerated-Bi wkly frequency and to consolidate debt. We do this, so in difficult times clients will have their home as a fiancial resource to draw on ! One issue is banking institutions only make money by keeping their clients in debt, higher interest credit cds, Locs and loans.
  • beep beep | 10 Mar 2016, 02:24 PM Agree 0
    1 banks dint put gun to any ones head to take on debt .
    2 people started living according to greed not need making inflation unsustainable for poor and there own next generation .consumerism promoting more and more mining and destroying planet .
    3 there should be debetors prisions for those who dont pay there debt
    4 people with debt related depressions disease should not be treated by free medical system
    6 if any one starts wining about there debt related problems to you TELL THEM TO FU** off
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