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Canada’s big banks are being squeezed by low interest rates and slowing demand for loans and mortgages. That means they’re more willing to compete for your business. Bank profits depend heavily on what’s known as the interest rate spread. These institutions take deposits in the form of chequing and savings accounts that pay little interest [...] Running out of money and not being able to pay your bills is tough. If figures from the national money education charity, Credit Action, are to be believed Britain is rapidly sinking into a mire of personal debt. According to them the total level of personal indebtedness in Britain is rapidly approaching £1.5trillion (in July [...] Canadians’ sentiment towards the economy turned more negative in December out of concern about both current and future economic prospects, according to the latest TNS Consumer Confidence Index. The final index of the year was down 1.5 points, erasing November’s gain, to end the year at 96.1. The present situation index, which measures views on [...] |
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