Ontario cities target payday loan shops
The sin of usury has come to the attention of city planning committees across Ontario as they begin to craft zoning laws to control the spread of payday loan stores.
Longueuil diocese takes on cathedral’s $300,000 debt
The future of an historic cathedral in Quebec has been secured by a transaction that saw the local bishop trade away a former convent and his diocese assume the cathedral’s $300,000 debt.
OTTAWA - As Canada enters a new round of large budget deficits and rising federal debt, Catholic social teaching provides no straightforward answers on the wisdom of deficit economics.
VATICAN CITY - Pope Francis called for abolishing the death penalty worldwide, lifting the burden of debt on poor nations, global aid policies that respect life and revamped laws that welcome and integrate migrants.
Challenges of work and student debt
More students today are facing unemployment or underemployment, even in specialized fields. A report from the Ontario Society of Professional Engineers, based on 2011 data, has found that only 29.7 per cent of those with engineering degrees actually work in their fields as engineers.
Pope in Ecuador says countries owe debt to the poor
QUITO, Ecuador - Although still thousands of miles from his birthplace in Argentina, Pope Francis made a homecoming of sorts July 5 when he landed in Ecuador, greeted by cheering crowds and the sights and sounds of South America.
If you racked up the bill, you pay it
Perhaps thankfully, my propensity for racking up unmanageable debt emerged early in life. It started via the Capitol Record Club, which I rashly joined at the age of 14.
A decided purpose will open up future choices
A young man I have known since cutting his umbilical cord 25 years ago will, if all stays on plan, be awarded a doctorate by an Ivy League university in about two years.
Along the way to his PhD, he earned a Master’s degree at Oxford after graduating from one of the Quebec universities whose students have been rioting in the streets since February.
More youth, young adults facing long-term debt crisis
Canadians need to pay attention to increasingly high levels of youth and senior debt, said Nora Spinks, CEO of the Vanier Institute of the Family.
The Institute highlighted a looming crisis in its recently published report “The Current State of Canadian Family Finances.” The study looks at family incomes and expenses, family savings and debt and family wealth and net worth.
“We’ve got the young adults and young families with high levels of debt trying to make ends meet and then we have seniors who are declaring bankruptcy and that leaves those in the middle supporting their young adult children and their parents.”