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Higher living costs are pushing more and more Canadians into debt, according to a new report.

Equifax Canada says new data suggests a significant shift in credit usage among businesses in the first quarter of 2023.

Canadians' mortgage borrowing has reached its lowest level since 2003, primarily due to the impact of higher interest rates, according to recent data released by Statistics ... More

Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023.

The federal housing agency has revealed the latest industry trends

The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.

Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more.

Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row.

The average Canadian household paid nearly $40,000 in taxes last year, more than the combined cost of clothing, food and shelter, according to a new report.

A warning has been issued regarding investment schemes that promise tax write-offs by investing in real estate through limited partnerships.

Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.

The Canadian credit market has grown but it appears that consumers are generally managing their debt well.

Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Sign of deteriorating financial stability for many people in the country.

An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency.

It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.

The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018.

Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt.

Despite rising mortgage costs, rents, and grocery bills, these were not the biggest drain on the average Canadian household income last year.

Members of Generation X (aged 37 to 52) are finding it hard to save, and the tighter timeline is causing them stress, a Franklin Templeton report finds.

Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed.

Upward trend in rates would negatively impact Canadians' ability to service their debts.

Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at ... More

Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks.

The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More

Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada.

According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ... More

Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.

Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication.