May 28 roundup
Canadians scale back on home renos and ramp up debt repayments. Plus a podcast featuring MoneySense’s Jonathan Chevreau.
•Are you planning a home reno this summer? Turns out, fewer Canadians are. The reason? Could be high household debt levels, BMO said.
•While we’re on the subject of debt, it’s worth point out that nearly half of indebted Canadians are trying to pay off their dues ahead of schedule, according to a new CIBC poll. Also, check out MoneySense’s latest feature on the topic “Do we really have too much debt?”
•Listen to the latest WhereDoesAllMyMoneyGo.com podcast featuring MoneySense’s new Editor-in-Chief Jonathan Chevreau where he and Preet Banerjee talk Findependence.