Majority of Canadians stressed about their finances

The survey found that one-in-three Canadians are fearful of losing their job due to the pandemic

Majority of Canadians stressed about their financesA new survey released Tuesday by the Canadian Payroll Association finds that 58 per cent of Canadians feel more stressed about their finances due to the COVID-19 pandemic.  “The repercussions of the pandemic continue to threaten our country’s return to stability. Our research shows that COVID-19 has directly affected the financial stress of working Canadians,…

Money is the top stressor for Canadians today

Kelley Keehn, author, finance educator and Consumer Advocate for FP Canada, talks about stress, money and tough times due to COVID

On today's episode of Business Insider with Mario Toneguzzi, Kelley Keehn, author, finance educator and Consumer Advocate for FP Canada, talks about stress, money and tough times due to COVID.  

Surviving a bankruptcy and becoming successful

Sue Styles, a professional speaker and author and CEO of Maximized Results Consulting, talks about surviving a bankruptcy and becoming successful

On today's episode of Business Insider with Mario Toneguzzi, Sue Styles, a professional speaker and author and CEO of Maximized Results Consulting, talks about surviving a bankruptcy and becoming successful.  

Money is number one cause of stress for Canadians

Money (38 per cent) outranks personal health (25 per cent), work (21 per cent) and relationships (16 per cent) as the top source of stress in Canadians' lives

Money is number one cause of stress for CanadiansConsistent with previous years, in 2020 money is the number one cause of stress for Canadians by a large margin, according to the latest FP Canada survey. The Financial Stress Index found that money (38 per cent) outranks personal health (25 per cent), work (21 per cent) and relationships (16 per cent) as the top…

6% of Canadians unable to afford food or shelter

Nearly 1 in 4 (22%) are very stressed about their overall financial, while 25% are not stressed at all

6% of Canadians unable to afford food or shelterThe COVID-19 pandemic has had some serious consequences for Canadians and their finances. Here are some key results from a result survey by J.D. Power on the impact the crisis has had on people: General Perceptions  1 in 4 Canadians (24%) are working fewer hours and 12% temporarily lost their jobs and still not working,…

Consumer insolvencies expected to rise due to COVID

Survey found that 7% of respondents said they plan to file a consumer proposal or declare bankruptcy (6%) after government financial support ends

Consumer insolvencies expected to rise due to COVIDConsumer insolvencies are expected to spike in the wake of the pandemic as many Canadians were already feeling a tremendous strain on their pocketbooks, says a new survey by MNP LTD. The survey found that seven per cent of respondents said they plan to file a consumer proposal or declare bankruptcy (six per cent) after…

Canadian international assets decline in Q1

Canada's international assets were down by $382.2 billion (-6.6 per cent) to $5,406.8 billion in the first quarter, says StatsCan

Canadian international assets decline in Q1Canada's international assets were down by $382.2 billion (-6.6 per cent) to $5,406.8 billion in the first quarter, the largest percentage decrease since the third quarter of 2008 at the time of the global financial crisis, reported Statistics Canada on Thursday. "In addition to the downward revaluation from lower foreign equity prices, important divestments in portfolio…

COVID-19 accelerating the move to digital payments across Canada

A record-setting 61.3 million Interac e-Transfer transactions took place in April, according to new data released Friday by Interac Corp

COVID-19 accelerating the move to digital payments across CanadaInterac shopping data shows a spike in consumers and businesses choosing digital payments as the economy begins to reopen. A record-setting 61.3 million Interac e-Transfer transactions took place in April, according to new data released Friday by Interac Corp. "This digital shift isn't unexpected, but crisis situations compress timelines and Canadians are quickly seeking out…

Canadian household finances to face serious test from COVID-19

TD said it expects it will take until at least the second half of 2021 for the unemployment rate to return to its pre-crisis level

Canadian household finances to face serious test from COVID-19Canadian household finances were stretched coming into this year and will face a serious test from COVID-19, says a report by TD Economics. Temporary income replacement and debt deferral programs will go a long way in helping households whose livelihood has been impacted by the pandemic, but economic disruptions brought about by the pandemic will…

Bank of Canada urging retailers to accept cash

Refusing cash purchases outright will put an undue burden on those who depend on cash and have limited payment options, says Bank of Canada

Bank of Canada urging retailers to accept cashThe Bank of Canada is urging retailers to continue to accept cash payment during the COVID-19 (coronavirus) pandemic. “We encourage Canadians to use the method of payment that they are the most comfortable with. However, the Bank strongly advocates that retailers continue to accept cash to ensure Canadians have access to the goods and services…