With the real estate boom in Canada, the surge in mortgage borrowing is raising consumer debt levels higher despite credit card balances being at their lowest point in six years.
A new survey from Ernst & Young finds that while Canadian investors recognize the value of professional investment advice, many are concerned their advisors might be picking their pockets.
A surge in mortgage borrowing is pushing consumer debt loads higher in Canada despite falling credit card use, as households plow more money into their homes while spending less on everything else.
As vaccinations rise and COVID case counts lower, a return to normal is in sight. However, some employers that are trying to get people back into offices are clashing against workers who have embraced the working from home lifestyle as the new normal.
An advertising battle royale is being waged between Canada’s largest discount broker and Canada’s largest bank over the basic function of investment advisors.
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