Best Lawyers In Canadian For Deposit Rates?

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The average Canadian’s debt-to-income ratio (DTI) was 104.5% in 2009 — up from an average of 100.3% in 2007, according to Equifax Canada Inc., which tracks financial data on more than 22 million Canadians In addition, more than one in 10 Canadians owe money on their credit cards or personal lines of credit while over half have at least one HELOC secured by their home, according to Equifax. About 600,000 people had negative equity last year as a result of owning a house with less value than its mortgage due to rising interest rates and declining home prices across the country…. A new report from Credit Suisse said that while most borrowers are taking reasonable steps to reduce debt levels, they should also focus on reducing cash flow pressure so they don’t get into trouble when times get tough.”

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