Phantom debt is having a 'seismic impact' on consumer credit

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Credit Card Debt,Credit Agencies,Credit Bureaus

US credit card debt hovers around $1.12 trillion for the first-quarter of 2024, according to the Federal Reserve Bank of New York, also finding 15% of Gen Z ...

for the first-quarter of 2024, according to the Federal Reserve Bank of New York, also finding 15% of Gen Z consumers to have maxed out their credit cards. Parallel to consumer trends, retailer Macy's -- Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.

People Are Sharing Famous Companies That Went Bankrupt Over Dumb Decisions, And Now I Finally Know What Happened To Circuit City "Restaurants brought out the servings slowly and were like, 'Nobody is going to sit there for hours and just eat them.' Actually, lots of people did."Here’s a very reliable, dividend-paying Canadian bank stock you can buy at a bargain right now and hold for the long term. The post 1 of the Best Dividend-Paying Bank Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.Suncor Energy stock has crushed the broader markets in the last 20 years.

Is TD Bank stock a buy after its money-laundering regulatory problems? The post TD Bank in Hot Water: An ‘Exceptional’ Opportunity appeared first on The Motley Fool Canada. -- Toronto-Dominion Bank and its US money-laundering woes are set to dominate the start of Canadian bank earnings season this week.

Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cutMeme stocks, which are trading largely divorced from company fundamentals, have seen a resurgence last week when social media user Roaring Kitty posted for the first time in years.OTTAWA — Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based slowdown in price growth, boosting expectations of an interest rate cut next month.

 

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