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podcast
How soaring rents are transforming student life
Podcast
Introducing a new podcast from The Globe and Mail that delves into the topics impacting the wallets of Canadians between the ages of 20 and 40.
report on business
Credit card debt up more than 15 per cent in fourth-quarter, younger Canadians feel hardest pinch
A new report suggests Canadian's worries about debt are rising amid rising interest rates and inflation. Credit cards are displayed in Montreal, Wednesday, December 12, 2012. THE CANADIAN PRESS/Ryan Remiorz
u.s. politics
U.S. Supreme Court conservatives question Biden’s student debt relief plan
A sign calling for student loan debt relief is seen in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden's bid to reinstate his plan to cancel billions of dollars in student debt in Washington, U.S., February 28, 2023. REUTERS/Nathan Howard
cost of living
How does your debt compare to Canadians your age? Find out with this calculator
Cropped image of couple calculating finances at home
carrick on money
Online portals are making it easier to deal with estate matters. When will the banks catch up?
Erica Alini
energy and resources
Canadian oil patch likely to surpass 2022′s production record, but only slightly
Pumpjacks are shown pumping crude oil near Halkirk, Alta., on June 20, 2007.  An oil and gas labour shortage is one of the factors that could prevent Canada from moving quickly to address energy demand in the wake of U.S. sanctions against Russia.THE CANADIAN PRESS/Larry MacDougal
carrick on money
A debt voyeur’s guide to average balances on mortgages, credit lines and more
Rob Carrick
economy
Consumer debt in Canada tops $2.36-trillion in third quarter, up 7.3% from last year
Close-up of a unrecognisable person using their smart phone to pay by contactless.
world
Biden facing pressure to extend student loan payment pause
FILE - President Joe Biden speaks about student loan debt relief at Delaware State University, Oct. 21, 2022, in Dover, Del. Biden is facing mounting pressure to extend a pause on student loan payments after his cancellation plan suffered a pair of legal blows. Advocates say Biden should continue the pandemic-era payment pause until legal issues are resolved. (AP Photo/Evan Vucci, File)
u.s. politics
U.S. stops accepting student debt forgiveness applications after ruling by Texas judge
President Joe Biden speaks about student loan debt relief at Delaware State University, Friday, Oct. 21, 2022, in Dover, Del. A U.S. judge in Texas on Thursday, Nov. 9, 2022, blocked Biden's plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness. (AP Photo/Evan Vucci)
u.s. business
U.S. deficit figures set up competing visions from Biden and Republicans
US President Joe Biden speaks about the administration's deficit reduction in the Roosevelt Room of the White House in Washington, DC, on October 21, 2022. - The US budget deficit fell by half in the past year to $1.4 trillion on the back of a pandemic recovery and as relief spending eased, the government said on October 21, 2022. The drop in the budget deficit marks the "largest one-year decrease," said the Treasury Department and White House budget office. (Photo by Nicholas Kamm / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images)
world
Justice Barrett rejects appeal over Biden student debt plan
People take photos of U.S. Supreme Court on Tuesday, Oct. 11, 2022, in Washington. (AP Photo/Mariam Zuhaib)
globe investor
Starting out as a young adult is incredibly expensive in 2022. We crunched the numbers
Lilliana Molek (22) had to take out a line of credit to pay for her one-bedroom apartment in Toronto’s midtown while she studies Law at York University. Lillana estimates that she will graduate with approximately $200,000 in debt.
paycheque project
Recent grad with $100,000 in student debt is focused on investing, building his savings
opinion
How we saved postsecondary students from the worst of Canada’s debt trouble
Rob Carrick
report on business
Interest rate hikes, recovering from a senior-level firing and student debt: The business and investing stories you need to know about this week
FILE PHOTO: Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario, Canada June 22, 2020. REUTERS/Blair Gable/File Photo
report on business
Average non-mortgage debt tops $21,000, up 2.4 per cent from last year: Equifax Canada
Credit cards are displayed in Montreal, Wednesday, December 12, 2012. Equifax Canada says total consumer debt rose to $2.32 trillion in the second quarter, up 8.2 per cent compared with the same quarter last year. THE CANADIAN PRESS/Ryan Remiorz
paycheque project
Brampton man, 27, with $25,000 in student debt is helping pay his parents’ mortgage: ‘I want to give my parents a chance to retire’
decoder
Canadians are piling on credit card debt again
Close up hand of customer paying with smartphone. Cashier hand holding credit card reader machine and wearing protective disposable gloves at bar counter, while client holding phone for NFC payment. Woman wearing face mask while paying bill with mobile phone during Covid-19 pandemic.
carrick on money
Pay down student debt or invest in stocks?
Rob Carrick
report on business
Bombardier improves in third quarter, suggesting early results in turnaround effort
Bombardier president and CEO Eric Martel introduces the new Challenger 3500 in Montreal on Tuesday, September 14, 2021. THE CANADIAN PRESS/Paul Chiasson
economy
Canadians paid down record amount of nonmortgage debt in first year of COVID-19 pandemic: Statscan
Statistics Canada says household credit market debt as a proportion of household disposable income was 170.4 per cent in the fourth quarter. A consumer pays with a credit card at a store in Montreal on Tuesday, July 6, 2010. THE CANADIAN PRESS/Ryan Remiorz
paycheque project
Former plumber, 36, with impaired vision lives in Toronto on disability income of $16,668 - and parental help
Brian's life changed when his doctor told him he had keratoconus, an eye disease that damages the cornea and leads to vision loss. “The [doctor] told me: "You can’t go back to work. You can’t drive."
tax matters
Advice for young graduates on how to best manage debt
Tim Cestnick
economy
Household wealth climbs at record pace, but debt remains ‘key vulnerability’
A condo building is seen under construction surrounded by houses in Vancouver, B.C., on Friday March 30, 2018. The International Monetary Fund says household debt in Canada is still too high to allow sudden policy changes to encourage more activity in housing markets. THE CANADIAN PRESS/Darryl Dyck
opinion
COVID-19 has revealed big gaps in Canadians’ financial plans
Damon Murchison
politics
NDP plan to cut student debt would cost about $4-billion, budget watchdog says
Parliamentary Budget Officer Yves Giroux waits to appear before the Commons Finance committee on Parliament Hill in Ottawa, Tuesday March 10, 2020. THE CANADIAN PRESS/Adrian Wyld
economy
Canadian households add record mortgage debt amid low interest rates and high housing prices
A women wearing a mask walks past real estate listings during the COVID-19 pandemic in Mississauga, Ont., on Tuesday, May 26, 2020. Statistics Canada says Canadian households added a record amount to mortgage debt for the second quarter in a row amid low interest rates and high housing prices. THE CANADIAN PRESS/Nathan Denette
economy
Inside the pandemic wealth boom – and why it’s not spread evenly
Single family homes are seen against the skyline of Vancouver, British Columbia, Canada September 30, 2020. REUTERS/Jennifer Gauthier
report on business
CMHC report raises concerns as Canadians pile on mortgage debt
A real estate sign is pictured in Vancouver, Tuesday, June 12, 2018. THE CANADIAN PRESS Jonathan Hayward
finances
Despite pandemic, Canadians take on record amount of mortgage debt in 2020
A neighbourhood of townhouses is seen in an aerial view in Richmond, B.C., on Wednesday May 16, 2018. Canada Mortgage and Housing Corp. says the jumping home prices seen in many cities this summer and fall was beyond what could be justified by Canadian income levels and population growth.THE CANADIAN PRESS/Darryl Dyck
top links
‘For every $1 of debt, Canadian households now have $6 of assets’
A Canadian dollar coin is pictured in this illustration picture taken in Toronto January 23, 2015.
economy
Household debt burden rises as borrowing picks up
Canadian dollar coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. Statistics Canada says Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter. THE CANADIAN PRESS/Jonathan Hayward
report on business
Housing growth, auto loans drive up demand for credit in third quarter, Equifax says
A condo building is seen under construction surrounded by houses in Vancouver, B.C., on Friday March 30, 2018. Credit rating agency Equifax Canada says total consumer debt increased 2.8 per cent to $1.99 trillion in the second quarter despite the economic impact of COVID-19 amid a strong recovery in the housing market. THE CANADIAN PRESS/Darryl Dyck
opinion
Canada needs a progressive, cross-sector approach to consumer debt
Michelle Pommells
opinion
Hey, wasn’t saving more money during COVID-19 supposed to make us feel better about our finances?
Rob Carrick