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Daily Archives: December 10, 2019
‘Thoughtful’ gifts in high demand
Whether for financial, environmental and/or consumption revulsion reasons, many of our friends and clients have decided to not give ‘things’ for Christmas this year; my own family included. Gifts of time and positive experiences with others are always in high … Continue reading
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Why consumer insolvency rates are leaping in Canada
The latest Canadian consumer insolvency report is available here from Hoyes, Michalos, and includes a list of their top 10 debt statistics for 2019 as follows: Ontario bankruptcies and consumer proposals increased by 15.9% in the first ten months of … Continue reading
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Bank profit compression: credit losses normalizing higher
BNN talks to Robert Colangelo, SVP Canadian financials at Dominion Bond Rating Services Morningstar about rising consumer insolvencies and bad loans at Canadian banks. Here is a direct video link.
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