| Growing credit debt is crushing Canadians: study
A new study of Canadians' credit debt finds that a whopping 25 per cent owe between $10,000 and $40,000, and 28 per cent don't even know the interest rate they pay on their main credit card. The report by Credit Canada and Capitol One was timed for release during their Credit Education Week, and is designed to raise awareness of good financial management. Laurie Campbell, of Credit Canada, said the numbers -- which don't factor in mortgage debt -- were surprisingly high. "The numbers are quite startling, even I was quite surprised, but nevertheless, this is truly what we're seeing," Campbell told CTV's Canada AM. "Savings rates at an all-time low and debt rates at an all-time high so this financial literacy week in my opinion is long overdue." The study, which questioned 4,000 respondents about their personal credit debt practices, found a disconnect between Canadians' debt levels and retirement plans.
Hunters Catch 150 Bobcats Across Iowa
DES MOINES, Iowa -- Bobcat hunting and trapping season in Iowa is over. The state has met its quota of 150 cats, according to the Iowa Department of Natural Resources. Trappers now have until 8 a.m. on Nov. 21 to report any animals to a conservation officer and receive their proper tags. .
Stocks bounce back
Stocks bounced Tuesday morning, recovering from a broad selloff, as investors welcomed Hewlett-Packard's earnings and geared up for the minutes from the last Fed meeting, due later in the day. The Dow Jones industrial average (Charts) added 0.7 percent in the early going, while the S&P 500 (Charts) index gained 0.9 percent. The Nasdaq composite (Charts) gained 1.1 percent. Stocks tumbled Monday, with the Dow falling below 13,000 for only the second time since August, as Goldman Sachs' dour outlook on the financial sector and a weak report on home builder confidence sparked a broad market selloff. After such a retreat, stocks bounced a bit Tuesday, aided by the news out of HP. Hewlett-Packard (Charts, Fortune 500) reported quarterly sales and revenue that topped expectations late Monday, sending shares modestly higher Tuesday morning.
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