Consumer credit

• Proposed Amendments To The Québec 'Consumer Protection Act' Will Have An Important Impact On Consumer Credit

In June 2011, the Québec government introduced Bill 24 entitled "An Act mainly to combat consumer debt overload and modernize consumer credit rules." ...

• Mondaq Business Briefing
• Canada Law Articles in English

• Quebec Bill 24 Proposes New Requirements For Consumer Contracts Of Credit

On June 7th, 2011, An act to combat consumer debt overload and modernize consumer credit rules (Bill 24) was tabled in the National Assembly of Québec...

• Mondaq Business Briefing
• Canada Law Articles in English

• How Good a Shopper Am I? Conceptualizing Teenage Girls' Perceived Shopping Competence

Teenage girls represent the most highly sought after market segment in the U.S. because of their keen interest in shopping and their significant spending power. Teenage girls spend more time than teenage boys in shopping environments and outspend boys in every category except videogames. So, teenage girls clearly love to shop--but do they perceive themselves as good shoppers or is this a group who feels out of control when it comes to spending wisely and making considered decisions regarding purchases? If they lack the expertise and self-control to perform shopping tasks successfully, then there are numerous financial and psychological implications, including accumulating debt and exhibiting compulsive shopping behaviors that continue into adulthood. In order to examine teenage girls in...

... from a psychological perspective and consumer expertise from a marketing perspective. We then ex...Credit card companies specifically target teens, with abo...

• Academy of Marketing Science Review
• Nbr. 2006, January 2006

• The Marcotte And Adams Decisions: The Constitutional Application Of Provincial Consumer Protection Legislation To Banks In Matters Of Credit

Introduction Three class actions decisions (the Marcotte and Adams files) were rendered on June 11, 2009 by the Superior Court of Québec, ordering ...

• Mondaq Business Briefing
• Canada Law Articles in English

• R. v. Imperial Tobacco Canada Ltd. , 2011 SCC 42, R. v. Imperial Tobacco Canada Ltd., 2011 SCC 42, 2011 SCC 42 (2011)

... of tobacco-related illnesses, and by consumers of "light" or "mild" cigarettes for damages and pu... and Guarantors Respecting Consumer Credit; Consumer Contracts; Disclosure of the Cost of Con...

• Supreme Court of Canada

• If Your Investor Sense Is Tingling, You're Not Alone

If you're feeling it you're not alone. Tony Demarin feels it, too. Normally a positive guy, the president of Winnipeg-based Blue Chip Value Investments says he senses a real possibility of a sharp decline in stock prices, possibly as much as 15 per cent, coming within the next six months. Actually, it's more than just a sense, it's a very real and objective point of view based on three things: consumer credit in the United States, rising global interest rates and continued turbulence in the Middle East. The style has worked for other well-known Winnipeg managers in the past including Tim Burt of Cardinal Capital Management and Larry Sarbit of Sarbit Asset Management. The latter being a mutual fund manager while Burt's structure is similar to Blue Chip Value Investments'. Both have outpa...

• Winnipeg Free Press
• August 19, 2009

• Visa Plans to Go Public

The move announced by the San Francisco-based Visa, operator of the world's largest consumer credit card payment system, follows MasterCard's...

• Winnipeg Free Press
• August 11, 2009

• Opinion Column: Pity the Subcommittee

Toyota Canada, representing the other extreme, wants government-backed credit boosted and sales tax breaks to stimulate consumer buying, clear the dealer lots and thus kick-start new production to meet the demand. Yet there's no political way to sacrifice tens of thousands of General Motors jobs on the altar of ideology, even though the ailing company has yet to produce a compelling blueprint or a precise loan application for a restructuring its own American auditors believe is lurching toward bankruptcy protection.

• Brandon Sun, The
• September 07, 2009

• Mortgage Rules to Be Tightened

Ottawa is tightening the rules for government-guaranteed mortgages that will limit the maximum amortization period to 35 years and require a minimum down payment in a bid to prevent a meltdown like the one in the U.S. subprime mortgage market. In the United States, imprudent lending by banks and financial companies to high-risk borrowers at low rates created a housing bubble that eventually exploded when mortgages renewed at higher rates and borrowers couldn't pay and defaulted. The collapse in the U.S. housing market led to broader troubles in the U.S. economy, reducing demand for Canadian exports such as lumber and autos. It also led to a corporate and consumer credit crunch that is still being felt by ordinary Americans and companies.

• Winnipeg Free Press
• August 27, 2009

• U.S. Vehicle Sales in Crash Mode

General Motors (NYSE:GM) and Chrysler both reported a 19 per cent drop in U.S. sales on Tuesday. Ford's (NYSE:F) sales fell 14 per cent and Toyota was down 10 per cent compared with last March. Nissan fell four per cent and Honda reported a three per cent drop. I'd like to be able to tell you that the worst is behind us, but I really can't give you that assurance," said Jim Farley, Ford Motor Co.'s sales and marketing chief. Farley said Ford is concerned the shrinking availability of consumer credit will hurt sales and that the second quarter could be more difficult than the first. Bob Carter, general manager of Toyota Motor Corp.'s U.S. Toyota division, said the company is lowering its full-year sales forecast.

• Winnipeg Free Press
• August 26, 2009