Thursday, September 16, 2010

Canadians In Debt

Six In 10 Live Pay to Pay
The recession may be officially over, but six in 10 Canadians are still surviving from paycheque to paycheque, a national survey showed Monday. Fifty-nine per cent of Canadian workers say they would be in financial trouble if their paycheque was delayed by just a week – the same proportion as last year when the economy was still mired in a downturn, according to a poll of 2,766 people by the Canadian Payroll Association.

OECD Warns Canadians
High personal debt levels have left many Canadians financially vulnerable just when the country's economy is projected to slow, the Organization for Economic Co-operation and Development warned in a report on the Canadian economy Monday.

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