Archive For The “ConsumerEconomyMoney” Category

Manitobans struggling to pay debt: survey

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Manitobans struggling to pay debt: survey

Manitobans may be digging themselves more in debt due to a lack of financial literacy, according to a new survey.The MNP Consumer Debt Sentiment Survey is a semi-annual poll that tracks Canadians’ feelings about their debt and their ability to meet their monthly financial obligations.The survey asked people in Saskatchewan and Manitoba about their debt and…

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Manitoba Hydro proposes 7.9 per cent increase

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Manitoba Hydro proposes 7.9 per cent increase

Manitoba Hydro is hoping to raise your gas and electricity bill 7.9 per cent this summer — and potentially over the next five years.The provincial Crown Corporation filed the request Friday with the Public Utilities Board (PUB).The request includes a 7.9 per cent increase starting Aug. 1. Hydro also asked for a 7.9 per cent increase…

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Canadian millennials just aren’t that into the jobs that robots could take away: study

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Canadian millennials just aren’t that into the jobs that robots could take away: study

Canada’s millennials are facing all sorts of challenges: high home prices, soaring tuition fees and record household debt.But there’s one challenge that they’re well-placed to weather, says a new study: the rise of the machines. Boomers and Millennials making the Okanagan home 02:11 Boomers and Millennials making the Okanagan home 05:12 How will B.C. political parties…

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Saskatoon’s housing market ‘problematic’ due to overbuilding: CMHC

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Saskatoon’s housing market ‘problematic’ due to overbuilding: CMHC

Saskatoon’s housing market remains “problematic” due to strong evidence of overbuilding, according to a new report from Canadian Mortgage and Housing Corporation (CMHC).CMHC reported on Wednesday in its second quarter housing market assessment that Saskatoon continues to have high inventory levels of new housing, particularly in row housing and condominium apartments. Story continues below Related…

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Stelco may soon be one step closer to emerging from creditor protection

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Stelco may soon be one step closer to emerging from creditor protection

This is another big week for the future of Hamilton-based Stelco as it attempts to emerge from creditor protection.The company’s various creditors who are owed money are scheduled to vote on a proposal April 27 to settle with prospective buyer Bedrock Industries.READ MORE: Steelworkers say more work needed before deal reached with Stelco, Bedrock Story continues below…

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Alberta consumer spending down in first quarter: Moneris

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Alberta consumer spending down in first quarter: Moneris

Spending in Canada grew by nearly 3.5 per cent in the first quarter of this year, but Alberta was not part of that upward trend.According to Moneris, one of Canada’s largest processors of debit and credit card payments, spending in the province was down 0.72 percent in the first three months of the year. Story…

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Edmontonians flock to Ritchie Market as local businesses open up shop: ‘We’ll all feed off each other’

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Edmontonians flock to Ritchie Market as local businesses open up shop: ‘We’ll all feed off each other’

Offering bikes, brews and brewed coffee, it’s bound to be a hub for hip and trendy Edmontonians and on Tuesday, the Ritchie Market opened its doors to much fanfare.“We’ve had so many people dropping by just to wish us well and congratulate us and business obviously has been unreal,” said Corey Meyer, owner and butcher…

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Credit card delinquencies rise sharply in Alberta and Saskatchewan: TransUnion

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Credit card delinquencies rise sharply in Alberta and Saskatchewan: TransUnion

A new study from TransUnion says Alberta and Saskatchewan had a big jump in credit card delinquencies last year.The study says 4.6 per cent of the credit cards in Alberta were seriously past due at the end of 2016.READ MORE: Alberta still has the highest consumer debt in CanadaWatch below: In December 2015, personal finance and…

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Canada’s economy expected to grow this year but home price surge could lead to economic slump: OECD

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Canada’s economy expected to grow this year but home price surge could lead to economic slump: OECD

TORONTO – Canada’s economy is projected to grow this year by 2.4 per cent, equalling what’s now expected in the United States and ahead of the other Group of Seven countries, according to estimates released Tuesday by the OECD.The Paris-based organization had previously said Canada’s economy was expected to rise by 2.1 per cent this…

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Fort McMurray wildfire rebuild: homeowners to be compensated for increased drywall duties

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Fort McMurray wildfire rebuild: homeowners to be compensated for increased drywall duties

Canada will slash anti-dumping duties on U.S. drywall imports after a trade panel ruled that maintaining levies imposed last fall would harm consumers and businesses, federal Finance Minister Bill Morneau announced Monday. Story continues below Related Trade tribunal ruling on drywall tariff could impact Fort McMurray rebuild Drywall tariff impacting southern Alberta consumers and builders…

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