This Credit Education Week, Capital One Canada and Credit Canada Debt Solutions encourage Canadians to make financial resolutions before the holiday madness
Toronto, ON (November 13, 2012) – A new year brings new year’s resolutions, and Canadians are great at resolving to be better money managers in the upcoming year. What we’re not so great at is the follow-through. While four out of five Canadians report making financial resolutions, four out of five also admit to cheating on their financial resolutions, according to a recent survey commissioned by Capital One Canada and Credit Canada Debt Solutions. In fact, while men and women both admit to this, women (85%) are slightly more likely to cheat than men (76%).
Cross Your Fingers: Survey finds majority of Canadians are relying on lady luck for their financial future.
Toronto, ON (October 30, 2012) – One third of Canadians admit winning the lottery or receiving a large inheritance is part of their plans for a secured financial future, according to a recent survey commissioned by Credit Canada Debt Solutions and Capital One Canada. At the same time, more than two thirds have felt anxious or lost sleep thinking about their financial situation over the past year.
No Romance for the Sandwich Generation Survey by Credit Canada and Capital One Canada for Credit Education Week finds more money can mean more embarrassment
Toronto, ON (November 15, 2011) - The stress of financially supporting both a child and aging parents is not only impacting peoples’ wallets, but also the romance for a majority of Canadians in the Sandwich Generation. More than 70% of Canadians in a relationship and with a family income of less than $50,000, who also help support an aging parent, indicate that the romance in their relationship is suffering.
The survey conducted by Credit Canada and Capital One Canada
Survey finds New Canadians Know More about Establishing Credit
Survey identifies financial knowledge gaps and a subset of New Canadians who may face greater financial obstacles.
Toronto, ON (November 16, 2010) -- A new survey commissioned on behalf of Credit Canada and Capital One Canada found surprising differences in financial knowledge between Canadians who were born here and newcomers to the country. While the general population has a financial literacy edge, interestingly the results show that newcomers are more familiar with credit scores than then general population. Sixty-five percent of newcomers who have been in the country for five years or less and 74 percent of those who’ve been in the country for six to ten years report that they know enough to make good decisions about their credit score, this compares to just over half (52%) of the general population.
Deception & poor money management can be a hazardous combination for couples. Credit Education Week Canada aims to help couples get their finances under control.
TORONTO, ON (November 2, 2009) – Whoever holds the purse strings in the family better be on their guard as a new survey commissioned by Credit Canada and Capital One Canada found that those who do not control the money in the household are 55% more likely to hide debt from their spouse. Overall, one in five (20%) Canadians admit to hiding debt from their spouse, while almost one in three (29%) Canadians have lied to their partner about how much they have spent on a purchase.
National Parent and Teen Survey, September 2008 Key Findings .
Many parents are ill-prepared to deal with their own finances
- Looking back, 52% of parents believe that they were not totally prepared to manage their money as they entered into adulthood.
- Almost all parents (99%) think that budgets are important, but only 56% actually try to stick to one.
- 24% of parents don’t set a budget at all; an additional 20% may set a budget but don’t stick to it.
- Only one-third (33%) of parents consistently save money every month.
- Parents appear to be spending outside their budget. Only 29% of parents pay their credit card balance in full each month.
Canadians Score Low on Financial Basics: New Study.
Credit Canada announces first ever ‘Credit Education Week Canada’ to build financial awareness and increase Canadians’ financial IQ
Toronto, ON (September 13, 2007) – Canadians report feeling more in debt than ever with 90% saying they have more debt today than five years ago, according to a recent study sponsored by Credit Canada. Despite this feeling of indebtedness, over half of Canadians (53%) still do not have a personal/household budget. Furthermore, they remain unaware of critical information and tools that are available to help them manage that debt. For instance,