Two very different pictures are painted in a side-by-side comparison of economic growth in the United States and Canada when it comes to household debt as a ratio to disposable income.
Tag Archives debt
Analyst highlights U.S. economy’s fragile side
Country’s booming economy is driven by consumer spending, but that has been propped up by the top 20 per cent most wealthy
American farmers should diversify, says analyst
SASKATOON — Grain farmers in the United States are in a financial pinch and may want to look north of the border for a way out, says an analyst. Growers have been cutting costs during the last 2.5 years of the current downcycle. They have reduced equipment purchases, cut back on fertilizers and crop protection […] Read more
VIDEO: Debt decisions need strategy
WINNIPEG — With interest rates swinging around like apes in the jungle, farmers might feel a lot of pressure to react to their debt and financing situations. But debt and financing decisions today will have a long-term impact, so farmers should be tying decisions to the strategic vision for their operations, Backswath Management consultant Gavin […] Read more
Debt forces re-evaluation of planned purchases
It was nice while it lasted, but farmers are facing the financial hangover of an era of cheap credit. With thousands needing to roll over large amounts of debt, critical decisions will be forced on farmers. “As those loans (from the low interest rate years) are maturing, more and more and more operations face the […] Read more
U.S. Federal Reserve leaves lenders, consumers guessing
Anybody thinking about borrowing money or dealing with debt payments didn’t get any clarity on interest rates from the head of the United States Federal Reserve Bank at its annual Jackson Hole conference. “As is often the case, we are navigating by the stars under cloudy skies,” said Fed chair Jerome Powell Aug. 25. “In […] Read more
Personal finances growing unstable
Recent report says 45 percent of adults in Man. and Sask. are $200 away from being unable to meet financial obligations
The inability of consumers to cover regular bills, buy groceries and service existing debt obligations has become more common in an environment of higher interest rates and inflationary pressure.
