Daily Archives: December 10, 2019

‘Thoughtful’ gifts in high demand

Posted on December 10, 2019 by Danielle Park

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

Posted on December 10, 2019 by Danielle Park

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

Posted on December 10, 2019 by Danielle Park

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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