National Canadian Credit Counseling Firm Warns Against Adding New Debt This Holiday Season

Avineet Kalsey, of BSCC in Vancouver (Surrey), British Columbia, is warning Canadian consumers against acquiring additional debt in the coming holiday season. The same concerns have been echoed by the Bank of Canada which is worried that although the economy is improving, household debt levels seem to be on the rise. According to statistics, debt figures have grown significantly in the past year. Debt at the end of 2103 debt was $1.409 trillion dollars. By the end of October this year, it w…

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Source: The Market