Canada just dropped the ... The intent is to reduce the debt caused by high-interest loans, which come with extremely high fees and repayment terms that can quickly become debt traps that are ...

You may have ended up in debt ... repayment periods for debt consolidation loans: up to five years. Considering it has no prepayment penalties and caters its services to newcomers to Canada ...

TORONTO, May 6, 2025 /CNW/ - A new national study from Money.ca reveals that Canada is facing a mounting debt and delinquency crisis, with average non-mortgage debt rising and delinquency rates ...

OTTAWA, Nov 21 (Reuters) - Canada's deficit spending will be much higher than forecast in March and its debt will come down more slowly, the finance ministry said on Tuesday in its mid-year fiscal ...

OTTAWA (CBS.MW) -- Canadian Finance Minister Paul Martin declared a moratorium on debt repayments owed to Canada from a host of poor countries Tuesday. Martin said 11 of 17 heavily indebted ...

Courtney Reilly-Larke is the deputy editor of Forbes Advisor Canada ... of the ways debt relief can work include: Interest rate reductions Changes to credit card or loan repayment terms Reducing ...

What is a debt-to-income ratio? Note: The term “DTI” is more common in the U.S. In Canada, lenders typically ... It also only looks at your debt repayment obligations, and doesn’t factor ...

National debt represents the amount of money a government owes its creditors. Every time a government runs a deficit, it needs to borrow to cover it. Canada runs deficits more often than not.

Canada’s Mitel Networks has filed for bankruptcy in the US as the telecommunications firm continued to struggle after carrying out debt maneuvers about two years ago. The firm filed for Chapter ...

OTTAWA—The Bank of Canada’s No. 2 official is cautioning hedge funds from taking on too much debt to finance purchases of Canadian government bonds in this period of tariff-fueled volatility ...

OTTAWA—The Bank of Canada cut its main interest rate by a quarter percentage point, becoming the first Group of Seven central bank to provide rate relief after global policymakers aggressively ...

TORONTO, May 6, 2025 /CNW/ - A new national study from Money.ca reveals that Canada is facing a mounting debt and delinquency crisis, with average non-mortgage debt rising and delinquency rates ...