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Credit card debt is down in Canada — but household debt is up

Credit card debt is down in Canada — but household debt is up

CBC4 hours ago

Mark Ting, a partner with Foundation Wealth and On The Coast's personal finance columnist, says that while credit card debt going down may seem like a good thing, he's seeing borrowers tack on their debt to larger loans like mortgages. He shares tips on how to manage your debts and credit cards amid financial uncertainty.

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Lenovo Ranks 8th in the Gartner® Supply Chain Top 25 for 2025
Lenovo Ranks 8th in the Gartner® Supply Chain Top 25 for 2025

National Post

timean hour ago

  • National Post

Lenovo Ranks 8th in the Gartner® Supply Chain Top 25 for 2025

Article content MORRISVILLE, N.C. — Lenovo has once again secured a position in the Gartner Supply Chain Top 25 for 2025, recognizing its excellence in supply chain operations and placing eighth, up two places from last year, among global leaders across various industries, including pharmaceutical, automotive, FMCG, and technology. The Gartner ranking highlights companies that consistently demonstrate leadership in supply chain strategy and execution. Article content Lenovo's mission to bring Smarter AI to every household and every industry applies equally to the digital transformation of its own business operations, where AI plays a central role in enhancing efficiency and building long-term resilience across global operations and the company's supply chain. Article content Article content 'At Lenovo, our mission is to create Smarter AI for All,' said Che Min Tu, SVP and Group Operations Officer. 'To build the kind of technology our customers expect, we need to lead by example within our own business. By integrating AI across our global supply chain, we're not only able to support the growing business demand, but also improve the customer experience, and cut order-to-ship times in what is arguably one of the most complex and dynamic global business environments.' Article content The company's digital transformation journey over the past eight years has focused on streamlining planning, enhancing procurement and supplier collaboration, and improving logistics visibility. These changes also supported Lenovo's environmental goals by aligning supply chain improvements with its Environmental, Social, and Governance (ESG) commitments. Article content AI is now accelerating these gains. Lenovo teams utilize AI-powered tools for faster decision-making and deeper insights, while AI agents provide targeted support to resolve issues efficiently. This work has been undertaken by a team of over 75 Lenovo researchers, including 22 PhDs, who developed a set of AI tools designed to support the objectives of Lenovo's global supply chain. Article content Within Lenovo's global supply chain, AI has significantly enhanced planning accuracy and accountability, leading to more efficient and cost-effective operations. The introduction of intelligent production scheduling has streamlined the scheduling process, allowing for quicker and more responsive production decisions. Article content 'The use of AI in our systems is ultimately benefiting our customers. AI-driven customer sentiment analysis has provided deeper insights into customer needs and recurring issues, resulting in improved customer satisfaction and better warranty-related performance,' said Guan Wei, SVP and Head of Global Supply Chain. Lenovo's supply chain spans over 30 manufacturing sites in 11 markets across the Asia Pacific, China, Europe, the Middle East and Africa, North America, and South America regions. In February 2025, Lenovo, in partnership with Alat, broke ground on a new manufacturing base in Riyadh, Kingdom of Saudi Arabia. Scheduled to come online in 2026, this new facility will manufacture millions of laptops, desktops, and servers for the region. Lenovo's global manufacturing footprint provides the ultimate flexibility and resilience, enabling the company to respond quickly and navigate any global situation effectively. Article content Ben Massie, Vice President of Global Supply Chain for Lenovo's Infrastructure Solutions Group, said: 'As supply chains become more complex, staying resilient is no longer enough. Lenovo is now focused on becoming 'anti-fragile'—not just withstanding disruption but getting stronger because of it.' Article content The Supply Chain Top 25 ranking comprises two main components: business performance and opinion. Business performance in the form of public financial and ESG (environmental, social, governance) data provides a view into how companies have performed in the past three years, while the opinion component offers an eye to future potential and reflects leadership in the supply chain community. These two components are combined into a total composite score. Article content Gartner derives a list of companies from a combination of the Fortune Global 500 and the Forbes Global 2000. In an effort to maintain the list of companies evaluated at a manageable level, a general annual revenue threshold of $15 billion has been applied and companies without physical supply chains are excluded. Article content . Article content Gartner Insights: Article content . Article content GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Article content About Lenovo Article content Lenovo is a US$69 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world's largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo's continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit and read about the latest news via our StoryHub. Article content Article content Article content Article content

SteadyWise Unveils Next-Generation Debt Relief Program to Help Americans Take Control of Their Financial Future
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SteadyWise Unveils Next-Generation Debt Relief Program to Help Americans Take Control of Their Financial Future

An innovative, personalized approach to navigating debt relief with clarity, confidence, and control. SteadyWise, a next-generation debt relief company, is redefining debt relief for millions of Americans through its debt relief program. The consumer-first financial wellness company has designed a program that helps people understand their debt options clearly, making it easier to identify realistic, personalized solutions rather than generic one-size-fits-all solutions. Debt relief has proved to be a complex landscape for people to navigate. From consolidation strategies to non-profit debt management plans and settlement programs, individuals and families are presented with a lot of information and processes to sort through. According to SteadyWise, the majority of Americans drowning in debt do not know where to begin or even whether they qualify for legitimate relief options. Yet, they are served countless ads promising instant solutions, often without explaining how they work for each person's unique situation. As financial pressures rise for millions of Americans, SteadyWise is stepping in with a debt relief program that tackles this problem head-on. The smarter, personalized program puts people back in control of their financial future. 'With household budgets under siege from inflation, rising interest rates, and mounting debt, many Americans are struggling to stay afloat,' said Elige Carter, co-founder of SteadyWise. 'People are overwhelmed and unsure who to trust while their debts keep growing. That is why we founded SteadyWise. Our goal is to give people clarity, confidence, and help them make real savings.' The SteadyWise Debt Relief Program was created as an innovative financial assessment engine that takes a holistic view of an individual's financial life through custom consultations and personalized debt strategies. SteadyWise pairs individuals with its team of debt relief specialists who work closely with people to analyze their debt profile, income, expenses, and financial goals. From there, the specialists map out debt relief options that make sense for the individual and their unique needs. Whether it is reducing interest rates, shortening payoff timelines, or lowering the monthly payments, the program identifies the best way for people to get rid of fast – and fits into their lifestyle and goals. To match people with the right financial solution, SteadyWise's debt relief program has five simple steps. In step one, individuals are prompted to submit their application, which helps them connect with a certified debt consultant to review their financial profile. After reviewing, the consultant recommends either a consolidation strategy, non-profit debt management plan, or other structured debt relief solutions. In step two, individuals work with the consultant to review their options and tailor a debt relief plan that will help them consolidate their debt in line with their lifestyle and financial goals. In step 3, SteadyWise consultants guide individuals as they choose a plan of action, and in step 4, they begin tracking their progress. SteadyWise provides access to an online dashboard where people can monitor their progress. The last step to the SteadyWise debt relief program is for individuals to become debt-free and regain control of their financial journey. Unlike many debt relief services, SteadyWise is built around personalization and flexibility. The company works with a network of trusted partners, from non-profit credit counselors to accredited lenders, to ensure users get the best-fit debt relief option for their situation rather than the most profitable one. Through this approach, SteadyWise has established itself as a standout debt relief company and has helped many individuals and families start their journey to financial freedom. In addition to the debt relief program, SteadyWise provides financial education by demystifying debt relief. Elige shared that the lack of understanding around the subject has contributed to the confusion and frustration many Americans feel. SteadyWise, through its website, blog, program, and social media pages, seeks to clarify what debt relief really is, expose the red flags that many miss, and educate people on the debt relief options available to them, including debt relief/settlement, debt management plans, and personal loans. SteadyWise is built on the belief that debt relief should be accessible, understandable, and customized. The company is filling a critical gap in the market by offering context that guides people to solutions tailored to their real-life needs. SteadyWise's debt relief program is now available at 'Whether you are overwhelmed by debt or just unsure of your options, our program provides the bridge between where you are and where you want to be,' concluded Elige. Media Contact Company Name: SteadyWise Contact Person: Elige Carter Email: Send Email Country: United States Website:

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