Showing posts with label Statistics Canada. Show all posts
Showing posts with label Statistics Canada. Show all posts

Canadian Debt Worse than the USA

We Canadians are known for being privately proud of our country. Being so close to the United States we have become known as their much smaller brother, always second best.


But now we have something to point to, as being better at than the Americans ... we Canadian's carry more house hold debt than they do.


That's right! After watching financial melt down and the US economy crash, we Canadians continued to pile on the personal debt


Recently Bank of Canada Governor Mark Carney gave a stark warning to Canadian house holds in this report from CTV from the Vancouver Sun...

Health In Retirement

The Canadian Dream is the same for most of us, baby boomers. Get a good job with a big company, have 1.6 children, and buy a big house.


By the time we reach 55 we should be in our highest income years looking forward to retiring soon. The last thing you think about is how your health will effect your financial life.

Last month at Kelowna's Okanagan Business Referral Group's Event on "Work Life Balance" Chiropractor Dr. Dan Walker-Delisle presented the results of a study done by Statistics Canada in 2004 on the reasons for Bankruptcy.