CA new report from CIBC World Markets Inc. notes that while Canadian consumers are sitting on record levels of debt, Canada’s corporate sector finds itself facing the opposite situation with its debt levels at record levels. The report notes that corporate debt service payments are equal to about 30% of total operate earnings today against

Consumer confidence has increased in Canada vastly compared to last year, however CIBC World Markets Inc.’s new Consumer Capability Index finds that weak consumer fundamentals and an interest rate hike will have Canadians starting to apply a halt on spending. In late 2008, we saw consumer confidence reach a 15 year low, as measured by

Press Release: For Immediate Release Toronto, Canada. (April 1, 2010) – BankNerd.ca, one of Canada’s largest financial websites, today announced it has been acquired by RBC. This acquisition will help RBC further enhance its Social Media and general online presence. With BankNerd.ca ranked high on most major Canadian banks (#3 for Ally Bank Canada), this

Royal Bank of Canada (RBC) is keeping a close eye on rising household debt levels in the country, but it believes that Canadian consumers are still in a more enviable position than the U.S. President and chief executive officer of RBC, Gord Nixon told an industry conference that the strength in the residential real estate

A report from CIBC World Markets has noted that Canada’s domestic upturn should counter some of the drag that a rising loonie poses on corporate earnings. Peter Buchana, senior economist in the latest TSX Earnings Watch has noted than the profit levels seen north of the border are benefitting from critical offsetting factors. Canadian consumers

Canada is expected to have a stronger economic rebound next year than the United States and other Group of Seven countries due to the ability of Canadian households taking advantage of low interest rates predicts CIBC World Markets. CIBC notes that Canada’s economy will be slow to recovery, but its 2% growth next year will

The most important thing for Canadian consumers to understand is that better more predictive credit modeling systems from the US are coming to Canada. Equifax, for example, has launched monthly monitoring products, whereby consumers can track their credit scores, new credit products, fraud protection, and more. Transunion has a similar product. A source at Equifax