Many young consumers find themselves facing a well-known dilemma: how to achieve good credit if they have never owned a card before. Without a borrowing history, they may feel like financial institutions won't look as favourably on them in terms of issuing them a line of credit. What is the best way for these budding borrowers to budge into the market.

Erica Sandberg has a simple...

In their quest to stay light and nimble in their travels, many Canadians are embracing the benefits of relying on plastic during their journeys. Not only can this help them avoid costly transfer fees for getting money from another bank, it can earn them rewards and build their credit as they travel.

Writing a special column for the London (Ontario) Free Press, travel expert Doug English...

As the economy improves, Canadians are taking the opportunity to pay off their credit cards and shuffle debt to lower interest loans, according to the Vancouver Sun. These trends signal a return to normal consumer behaviour and strike a hopeful note for the economy going forward.

As consumers begin...

The lingering effects of the recession continue to dissipate, and it is being reflected in the finances of Canadians. Although they are still borrowing in droves, consumer debt  is growing at the slowest rate since before the economic slowdown, according to the Canadian Press.

The second quarter witnessed debt growth of just 3.1 percent, almost one-third lower than the 4.4 percent...