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10 Major Differences Between the USA and Canada [2023 Edition]
From hockey madness and maple syrup on one side of the border to NFL obsession and hot dogs on the other—Canada and the U.S. have their fair share of unique quirks! For instance, while a Prime Minister leads up north, a President is elected every four years in the south. Also, apart from the polite apologies ...
Will I Qualify for A Car Loan in Canada?
A new car costs nearly $58,000 on average. Car ownership has increased to 83% of Canadians. While having a car is convenient, not everyone can afford one outright, so most people take out auto loans. However, certain requirements must be met before anyone qualifies for a car loan. Read this article to find out what ...
Does Taking a Car Loan Affect Your Credit Score?
Getting a car loan can have a wide range of effects on your credit. As your debt load increases, your credit score may experience a minor drop. However, it will rise as you make timely loan repayments. If you have a more pressing question on whether a car loan affects your credit score, this article is for you. ...
Car Loans for Non-Residents in Canada
Immigrants account for over 20% of the Canadian population, with just over 8 million foreigners living permanently in Canada. However, non-residents may have trouble getting car loans. Many lenders consider them high-risk because they can return home before the loan is paid off. As a result, they must meet strict ...
Leasing a Vehicle vs Financing in Canada
With the rising cost of cars, many Canadians turn to leasing and financing to acquire a vehicle. However, deciding between these two options can be challenging, especially for first-time buyers. This raises the question; what is the better option between leasing a vehicle vs. Financing in Canada? Find out here. ...
Important Facts About Car Equity Loans in Canada
Car equity loans have been a lifesaver to Canadians, allowing them to take out loans using their cars and pay them back in installments. Statistics from Newswire show that about 83% of Canadians own a car, while Canada.ca reports that about 28% of Canadians have applied for car equity loans in the past decade. ...
Interest Rates on Car Loans in Canada
The average interest rate for car loans in Canada is 7.2%. However, there are several factors that affect this number, such as credit history, income, and loan duration. Figuring out car loan interest rates can be daunting but worry not; this article will guide you. Here, you'll learn about the factors affecting ...
Top 10 Companies By Market Cap In Canada
Which companies are making it big in Canada? Whether you are an investor looking for unique opportunities or a job seeker on the hunt for a new position, here is a quick list of the top 10 companies by market cap in Canada. 1. Royal Bank Of Canada Market cap: CAD$186.286B Traded as: TSX: RY; NYSE: RY ...
How Many Billionaires Are There in Canada: 10+ Stats & Facts
How many billionaires are there in Canada, where do they live, and what is their individual net worth? Here are 10+ interesting facts and stats on Canada’s richest residents. What Percentage of the World’s Billionaires Live in Canada? 1. Canada is home to 60 of the world’s billionaires. (WEALTH-X) ...
