Canada’s financial system has been resilient during COVID-19, but households are at risk

As Canada has resisted the pandemic financially, trends show households need to pay close attention to finances

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While Canada as a country has demonstrated resilience throughout the COVID-19 pandemic, households are now exposed to more intense vulnerabilities. As reported by the Bank of Canada , “The Canadian financial system has been resilient during the COVID-19 pandemic, thanks to strong risk management and unprecedented fiscal and monetary support. “

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But when it comes to individual households, the situation is more precarious, requiring a more careful examination of household expenditure and securities. The same report from Bank of Canada goes on to say that although many households have built up a savings reserve, large-to-income mortgages put them in precarious positions, coupled with the increased focus of Canadians on a larger living space given the greater great time spent at home.

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All of this means that household finances must be carefully managed to avoid risks and negative consequences such as mortgage defaults. Learning household financial concepts such as financial analysis, successful equity trading for growth and household accounting are essential both for private household finance and for anyone with a career in financial consulting, our accounting. Mastering these concepts is a good idea for both professionals and those looking after their family’s money.

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A great place to start learning – or to consolidate existing financial knowledge – is with The complete package of training and investment in finance , which covers all of the above topics and more. The e-learning bundle is now available for $ 18.83, a 99% reduction off the total regular purchase price of $ 2,009. The set includes eight comprehensive courses divided into 403 lessons delivered over 31 hours of essential content by highly rated instructors. Prepare your household and its finances for years to come with this essential online learning package for financial education.

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Don F. Davis