With debt consolidation, the key is to be approved for a loan that offers better terms than what you already have. In addition to a lower interest rate, you may be able to get a loan that accepts a lower, fixed monthly payment. This can help you clear off what you owe more quickly....
This constant rise in the Canadian national debt is a worrying trend. Ordinarily, governments should aim to reign in debt during boom years when tax receipts are high, but Canada has continued to borrow through the good times, leaving it little room for maneuver if the economy turns sour. ...
Calculate your debt-to-income ratio to determine your eligibility for a mortgage or pay down debt to buy the home of your dreams.
Time and time again, the Trudeau government has justified increases in spending and debt by claiming Canada is in the “enviable position” of having the lowest net debt-to-GDP ratio in the G7. But this is a flawed and misleading way of looking at Canada’s government indebtedness. When ...
China's debt risk "controllable": NDRC China's economic planning agency said on Wednesday that the country's debt risk is "controllable" and companies will be in a better position to repay debt with increased profit margins. College design competition showcases original school uniforms Chinese stu...
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While every retiree’s situation is different, experts say clearing mortgage debt is preferable, but not always advised. Brian O'ConnellJan. 15, 2025 11 Best Places to Retire in Canada For retirees, these Canadian cities offer scenic beauty and amenities to enjoy. ...
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So, which is better: Canada or the U.S.? Key Takeaways The U.S. and Canada are two countries in North America with many similarities and quite a few important differences. While the U.S. has a much larger gross domestic product (GDP) than its northern neighbor, the gap between averag...