Credit bureaus usually stop keeping track of delinquent amounts after six to seven years. But old debts can suddenly reappear on your credit report. The belief that your creditors will eventually disappear in a puff of white smoke if you ignore them for long enough is unsurprisingly common in a nation beset by crippling household debt. READ MORE: Over half of Canadians are $200 or less away from not being able to pay billsBut does debt, in fact, ever disappear on its own?
Canada’s economy is steaming ahead, but will Ontario or Alberta take the lead? Economists disagree on which province will post the fastest growth this year. According to the Conference Board of Canada, which published its spring economic forecast today, the crown belongs to Alberta. That province is projected to post a 3.3 per cent increase in real GDP. READ MORE: Oil will help Alberta’s economy lead Canada in 2017.