Tag: Debt

Risks rising with ‘toxic’ pairing of debt, joblessness, CIBC says

Elevated household debt combined with a surge in unemployment risks putting Canada in a precarious position amid the coronavirus shutdowns, said the head of domestic banking at Canadian Imperial Bank of Commerce. “We do have a highly indebted Canadian consumer that we’ve been talking about for quite some time, and just under half of Canadians…

This active couple makes $175,000 and wants to buy a home in Toronto. But can they pay off their debt and stop impulsive food buys?

Editor’s note: This Millennial Money profile reflects how this couple lived before the COVID-19 pandemic hit Toronto. This “urban on-the-go” couple living in a condo in Roncesvalles makes over $ 175,000 a year combined. Ash works as an epidemiologist, and Seb’s a PR professional who also works freelance on occasion. Their passions? Being out and…

This 26-year-old makes $45,000, owns her condo and has no student debt. She wants to break the stereotype of the ‘avocado toast’ millennial

“Would you consider doing a Millennial Money story about a millennial who doesn’t fit the typical millennial stereotype?” That’s what our latest participant, Jessie, wrote to the Star. She’s 26, owns her condo in Mississauga (which she bought when she was 24) and paid her own college and university fees. “I never had student debt…

How to Manage Student Loan Debt During COVID-19

Breathe in. Breathe out. We know there is a lot of uncertainty as the world faces the challenges and realities of COVID-19. While many of us are working remotely or facing job uncertainty, transferring our schooling online, and putting many aspects of our life on hold, the reality is that not everything can come to…