Canadians’ appetite for consumer debt remains enormous, even after a global economic collapse that crippled national economies and households everywhere. According to a new report, Canadians’ debt levels have exceeded $1.5 trillion, and these levels are expected to climb substantially this holiday season. The Equifax Canada report found that the third-quarter debt level is actually […]
Archives for December 2014
Report: 11 tax-saving tips for the end of 2014
The year is almost over, and what an interesting year it was. Of course, it felt like it was just yesterday we completed our taxes. Unfortunately, tax season is upon us and the taxman is already lying in wait to take your money. With that being said, the Wall Street Journal‘s MarketWatch released 11 tax-saving […]
Economists are constantly wrong about Federal Reserve interest rate hikes
Over the past several months, economists had forecast that the Federal Reserve would hike the overnight benchmark interest rates from near zero in the middle of next year. Most mainstream media outlets – the Wall Street Journal, CNBC, Reuters, etc. – were so sure that the United States central bank would raise rates. Now, most […]
Were Thanksgiving and Black Friday failures for retailers?
In the United States, the sales numbers from Thanksgiving Day and Black Friday are starting to pour in, and they aren’t very pretty for retailers and the overall consumption economy. The National Retail Federation (NRF) reported 1.8 million fewer customers shopped on Thanksgiving Day compared to 2013. Meanwhile, the retail group highlighted that 5.1 million […]
Price Inflation at Xmas: ’12 Days of Christmas’ items cost $27,673
If you’re looking to purchase a partridge, pear tree or geese-a-laying then it’ll cost you more than it did last year as price inflation has even affected the iconic items featured in the “12 Days of Christmas” song. According to the 31st annual PNC Wealth Management Christmas Price Index, a set of gifts in each […]