Canadian Households and Businesses Hoarding a Record-Breaking $170 Billion in Excess Cash
The coronavirus pandemic has created significant financial uncertainty for many Canadians, pushing them to forego current spending and instead save
Read more
Household Debt
American Household Debt Falls for the First Time in 6 Years, Credit Card Balances Drop by Record $76 Billion in Q2
While the coronavirus pandemic forced businesses across the US to shut their doors and millions of Americans to stay at
Read more
Millions of Americans Have Skipped Loan Payments Since Beginning of Pandemic
When the coronavirus pandemic froze over the US economy, more than 45 million Americans found themselves out of a job
Read more
US Banks Bracing for Period After Loan Deferrals Expire
When first quarter earnings were coming out, many US banks realized the true extent of the economic hardship brought on
Read more
US Consumer Debt Hits Record $14.3 Trillion Amid Coronavirus Pandemic
Since the onset of the coronavirus pandemic, the proceeding consequences have been dire on the already precarious US economy. According
Read more
Almost Half of Canadians Said They Were Insolvent BEFORE The Shutdown
In a survey completed by MNP on March 5th 2020, they found 29% of Canadians say they are insolvent with
Read more