Canadians are richer, taming their nasty credit habits, but defaulting more on loans [Toronto Globe and Mail (Ontario, Canada)]
Toronto Dominion Bank (The) (TD)
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Source: Toronto Globe and Mail
Canadians are richer, taming their nasty credit habits, but defaulting more on loans Briefing highlights Where we stand Several studies this week paint a picture of where Canadian consumers stand. Or fall, as the case may be, as loan defaults rise. In a nutshell, Canadians are richer, we’re taming our nasty borrowing habits, though still juggling a high debt burden, we’re watching our spending, and more of us are defaulting on our loans. “Even as the economy and the cold weather were not especially uplifting in Q1, the stock market rally at the start of the year and lower interest rates have likely put a smile on the face of some Canadians,” said Toronto-Dominion Bank economist Ksenia Bushmeneva. Story continues below advertisement She was referring to Thursday’s quarterly report on wealth and debt from Statistics Canada. Add that to the other reports, and here’s the picture you get: Wealth Here’s the thing about wealth: Some people have it, and some people don’t. So a national
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- Canada's Retail Sales Flatlined in the First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- TD Courts Foreign Students Amid Canada's Cap on Study Permits [Financial Post (Toronto, Ontario, Canada)]Financial Post
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