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. ...
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) ...
Average Student Debt in Canada: 13 Telling Statistics
No matter how much fun student life brings, high tuition costs, soaring rental prices, and the cost of school supplies all diminish students’ enjoyment quite a bit. The reality is - most Canadian students have to rely on student loans to cover their educational expenses. And when the time comes to repay their debt, a ...
How To Avoid Customs Charges from the USA to Canada: An Easy Guide
If you are a Canadian citizen planning to do some online shopping south of the border, you should be aware of the import duties that may apply to your shipment. Customs fees depend on several factors, such as the value of your items and the shipping method you choose. In this article, we'll give you some tips on ...
Winter Tires in Summer: Can You Use Winter Tires Year-Round?
Winter driving can be full of challenges. Snow and icy roads pose a considerable safety risk, and in some provinces in Canada, winter tires are mandatory because of it. However, there are no such regulations when it comes to driving in the summer. Driving is less risky during the warm weather season, and some ...
