TORONTO, ONTARIO — (Marketwire) — 07/26/11 — The August 2nd deadline is looming for the United States to come up with an agreement for raising the $14.3-trillion debt ceiling. The outcome has wide ranging consequences with the potential to have a significant impact on the global economy and stock markets.
While putting its financial house in order is a top priority for administrations, it should also be top of mind for consumers and their financial affairs.
Case in point – a BMO survey reveals that one in three Canadians are living at or beyond their means, with 27 per cent living paycheque to paycheque – a 10 per cent increase over last year.
BMO Bank of Montreal offers the top 5 tips to avoid hitting your personal debt ceiling:
For more information, please visit .
Contacts:
Media Contacts:
Matthew Duffin, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596