Dealing with Debt – What You Need to Know

Canadians are taking on higher levels of household debt to keep up with the rising cost of living. Two recent studies are quite revealing. According to a 2023 report by TransUnion (one of Canada’s two credit reporting agencies), the average Canadian is now carrying a $4,000 credit card balance. That’s a 4.2% increase from the […]

  It seems that people are more than making up for the time (and experiences) they put off during the pandemic. Figures from the International Air Transport Association show that travel has reached 90% of pre-pandemic levels. According to hotel analysts, travel is not being viewed as a ‘nice to have’ – but a priority! […]

  By Barry Nykyforuk, Licensed Insolvency Trustee   We keep hearing in the news that inflation disproportionately affects low-income households. But what happens when “lifestyle inflation” meets real-world inflation?  What we’re observing is that a growing number of middle-class and higher-income Albertans with well-paying jobs are feeling the strain of rising mortgage and interest rates. […]