Monthly Archives: July 2015

Debt Freedom? Canadians expect to be debt free by age 56

A recent poll by CIBC finds that on average, Canadians expect to be debt free by the time they are 56 years old although some Canadians see themselves carrying debt well into their sixties. In addition, nearly a third (29 per cent) say they have no debt while 13 per cent say they will never […]

Interest Rate Rise Would Impact 64 Per Cent of Canadian Households

According to BMO’s Annual Debt Report released today, almost two-thirds of Canadians with debt (64 per cent) would be stressed in the event interest rates rose two percentage points, with one-quarter (25 per cent) saying they would be very stressed. Meanwhile, there is optimism among Canadians regarding the pace at which they can pay their […]