Canadians spent 14.5% of their disposable income on debt repayment in Q4 2018
Many indebted Canadians are thinking of taking on further leverage
In such situations, automated payments or savings "might be actively harmful to a consumer’s interest"
While half of Canadians plan to save this year, household expenses and debt are the most common obstacles
Canadians owed nearly $1.78 in credit market debt for every dollar of household disposable income
New guidelines recommend how much investors should save for retirement, but there are causes affecting the ability to save
Canadians paid $9 billion more in interest charges in 2017 than in 2016
Canadians owed $1.69 in credit market debt for every dollar of household disposable income
Half of respondents in debt said they are stressed about their level of indebtedness
Higher interest rates appear to have slowed household borrowings
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