Canadian Household Debt Reached $3.28 Trillion: Is Your Debt Still Manageable?
Canadian household debt reached approximately $3.28 trillion in the second quarter of 2026—but the total alone does not tell us whether an individual household’s debt is manageable. The more useful questions concern interest costs, monthly cash flow, mortgage-renewal risk, emergency savings and whether debt could delay other financial goals. Statistics Canada reported some encouraging improvements: […]
Canadian Household Wealth Hit $19.1 Trillion—But Has Your Retirement Plan Actually Improved?
Canadian household wealth reached $19.1 trillion in the second quarter of 2026—but a larger national balance sheet does not automatically mean that every Canadian’s retirement plan has improved. Much of the increase came from higher financial-market values, which can change much faster than retirement expenses or income needs. Statistics Canada reported that household net worth […]