12/15/2023 | Posted in Canadian Economy and Interest Rates by Becky Lu-Do
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The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More
7/13/2023 | Posted in Mortgages and Real Estate by Becky Lu-Do
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Following the Bank of Canada’s latest interest rate hike, experts say Canadian mortgage owners will feel the impact of higher borrowing costs, either in the form of ... More
4/21/2020 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More
3/27/2020 | Posted in Financial Health by Becky Lu-Do
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.
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3/19/2020 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.
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6/5/2019 | Posted in Home Owners by Becky Lu-Do
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Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll
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1/9/2019 | Posted in Financial Health by Becky Lu-Do
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.
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12/19/2018 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates.
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10/30/2018 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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Consumer spending is expected to slow as Canadians spend more on the interest on their debt.
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