Closer Look
In this new nightly feature, Village Media journalists take a deeper dive into important stories making headlines around the province
Every day, our local journalists tackle the stories that matter most: the ones that impact your day-to-day life.
In communities across the province — as well at Queen’s Park and on Parliament Hill — our on-the-ground reporters and editors chase down the answers you need to know.
In this new nightly segment — ‘Closer Look’ — Village Media’s Scott Sexsmith sits down with one of our journalists to explore an important story they are covering.
These interviews are designed to help you better understand how our reporters gather the information that lands in your local news feed.
Closer Look
CLOSER LOOK: As a trade war looms, our consumer debt is soaring
Tonight on 'Closer Look': Maybe it's a good thing the Ford government introduced mandatory financial literacy classes for Ontario high school students.
Here's another reason to worry about a lengthy trade war with the United States.
According to figures released last week, consumer debt in Canada hit a record $2.56 trillion in the fourth quarter of 2024 — and Ontario residents are struggling more than anyone else to make their payments.
Equifax Canada’s fourth quarter Consumer Credit Trends Report found that 11,000 Ontarians missed a mortgage payment in the fourth quarter, which is three times more than in 2022.
The average non-mortgage debt per Canadian consumer? $21,931, exceeding pre-pandemic levels.
If Donald Trump's on-again, off-again tariff threats become a reality, those numbers will almost certainly get worse.
On a recent episode of our Inside the Village podcast, financial expert Saijal Patel joined us to talk about why it's more important than ever to be teaching the next generation how to manage their money.
You can watch the full episode HERE.
Stay tuned for more episodes of ‘Closer Look’ every weeknight at 7 p.m. You can find all our previous segments HERE.
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