Canadians piling up ‘good debt,’ report says
The Globe and Mail, Kiran Rana, August 12, 2015
Canadians are borrowing more, but much of what they owe is “good debt,” a new report suggests.
The average amount of debt Canadians now hold rose significantly to about $93,000 in June from $76,140 a year earlier, according to the report released Wednesday by Bank of Montreal. The report, which looks at major contributors to overall household debt in the country, found credit card debt and mortgage debt listed as the top two types.
To full article please click here.
Click here and LIKE us on Facebook to be entered in our monthly prize drawing
Refer a Friend and be Entered in our monthly prize Drawing