Canada’s financial consumer watchdog is warning lenders not to take advantage of mortgage holders who are facing severe financial stress as interest rates and the cost of living rise. In guidelines released Wednesday, the Financial Consumer Agency of Canada said financial institutions need to help provide support to consumers who are facing rising mortgage payments….
Watchdog Unveils Guidelines to Support Mortgage-Holders Under Financial Stress
Nearly 40% of Canadians Borrowing Money to Cover Daily Expenses: Federal Research
Nearly 40 percent of Canadians are borrowing money to cover the rising costs of daily expenses like groceries and rent, says new federal research. “The percentage of Canadians who borrow money to cover daily expenses increased from 26% in 2020 to 38% in September 2022,” wrote the Financial Consumer Agency of Canada in a report published…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta