Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 4 Aug 2016, p. 13

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may. Am4,m18-WATIIIDOCIIONICIJ- 13 a 0 Economic growth should lea to . it reduction not more debt Lastweekproduoedgoodandbad oemandmanuincmringgowthofil intereatpayments. hymnsasomnmnnzois, more news for the Ontario economy. percent are the result of a relatively ‘ , However, net debt per person in than the entire but!” of the this On the positive side, 2015 first lowCanadiandoliar. ‘ " QuebecisSZZjSijifimthanOntar» triesoflabourandAborlghalAfiairs quarterreeultsindicatetl'ieprovindai Unemployment in Ontario 3; i” : LEW harm. PinanoeMinisterSousaresponded ' eoonornyisgmwingatanannuaiiud droppedt06.4peroentiniune,beiow lnommnmdebtperpersonin bynmingthatthegovernmatt’sinfia- rate of three percent. the highest of the national rate of 6.8 percent and Britfli Columbia is $8,387. For every mmu mammal allCanadianprovinwaandG7coun- thelowestleveisinoeSeptemberof dollarofprovindnlrevenueJeOair helplowerthenetdebtmGDPratio tries. 2008, the month the last recession _ estimates Ontario owes $2.40, oom- proiected at nearly 40 per cent for Realngdomestic product grew started 5‘ paredto$133in0uebecand840ems E16 0.8 percent from January to March, Shortly after the province ‘ 3 inBritishColuuirh. 'lhe challenge for the provincial following similar expansion in the announced their growth estimates, Total Ontario debt grew by govemmem at this time is to ensure final quarter of 2015. provincial Financial Accountability . approximately $139 million between that government revames generated The provincial government esti- Officer Stephen [flair inflated“ it y“ 2008 and 2015, primarily due to from relatively strong economic conâ€" ‘ matesdjalgowthisbeingdfivenby netOntariodebtvdllreadiS350bil- meannesforaddreaaingthedobal didonsareutilizedtoconeuthedebt higher exports and more household lion, from the current level of $300 ”a? a receadon that significantly impacted level. spending. billion,by2021. h“ (it; Ortur‘lorel‘ivetotherefldCanarh. interest payments at theth Exports have increased for four He warned that the province’s Wmmmbdebtwill level are not sustainable over the consecutive quarters, primar- debt burdenisthehigtestinCanaâ€" oomimnmguwdmmaflmbflm shutoriongmrms. iiythroughautornotiveandeormner da,andanyimereatrmehhsoould 12-yearphmniuvestinhfrannmne no ' sooth placeprovincialaeditmd‘bedflexâ€" dualism-hm innMcleankWand Finance Minister Charles Sousa ibility” an“. to program and other necessary Ammpdntinaeasein CBOaftheGmner i noted that higher exports of 1.7 per- Money that could be directed spending will be required for meat rams will increase paymems Kâ€"WmmberofConunam ‘ a o e ' a a A to- do list for millemals to ensure you re on good financ1al footing Millenialsexpected t0 labotubrceinthenenISyears.(See maminyourflnandaliuture. ltean The two major Canadian credit . . www.thinkwithgoogle.comlinlo- “ ' belittle taking out a student loan to ratinyreporting agencies are Equiâ€" have "10]0” 1mm graphics/how-millennials-spendâ€" ‘ i ' extend your education and finesse fax Canada. inc. www.cquiiaxcorn, on our SOCiEly and diet-mand-moneyhtmL) \ It i\ | \ your earning potential. a new and TransUnion Canada. www.m< . lnthemidâ€"rangeoi‘themilleunial mmhmneareaiestateloanior simian.“ economy galng forward stream, 14 per cent oi Canadians are an immanent propu'ty, or Meeting The key: to maintaining’a good _ betweenapamtoao. ., , ‘ inyourownbtdneu. credit sooremestabiishingagood lllennials - I term used Fwty-sevuiperoentoithemearn g ‘ Bad debt drains your financial credit history, paying bills on time ‘0 describe people born more than $50,000 per year. often "- ' resumes. is not mums. and has andiimitingyourcredit â€"â€" everytime between 1980 and 2000. with minimal financial commit- .1 mndbiicnpayrnuflph. you apply for credit it is noted on alongwithGenerationYortheBdw merits, ‘ R5, Exampleaincludeanexpenaive yourcredithistory.eveniiym1never Boom -â€" are expected to have the if that describes you. it's impor- “’53) holiday or vehicle you can't and. use it Wmmummmm- tanttoyourflnandaliuturethatyou w humuaeditcanhtbatyouare Morethanaiperoentoimillen- "31'0" 0“ POW“. the Workplace. develop good new habits as early " unable to pay ofl‘ at the and at each nials are mobile phone users, so it's Minimum. iniiieaspoasible. biflir‘puiodandborrowingmoney nietosaytheyareveryconnected. 1" “C" they are destined ‘0 To get you started. here are three RUSS to pay your hilt (Borrowing to con- Another great connection â€"- a map? 0|" country and POSSWY the financial must do's for millennial: McEACIlNIE solidate your credit commitments professional advisor who will help end"? world. 30“"de ‘0 “1‘0"!“- under 30yearsolage. can be an dentin strategy [or debt you realize your best financial future. tion published at wwwflretaiiinsider mm duration andeatabliah mmmmjymdflmm. com/retail-insider/ZOI5/6/milien~ lhym'llhlndthtm . realistic “new for mm .1] m) u. a “‘31- amoanuregdrelltoreadlth-I mummm. 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