Mounting debt costs are spurring stress for Canadian households heading into the Bank of Canada’s interest rate decision next week, according to the MNP Consumer Debt Index. The insolvency firm’s quarterly survey tracks how Canadians are feeling about their ability to pay down debt, and the latest instalment released Wednesday shows a mixed picture of
Sunday marks six months since the largest lottery prize ever recorded in Atlantic Canada was announced — and despite a significant amount of time passing, the winning ticketholder is yet to come forward to claim their earnings. On April 15, Atlantic Lottery drew a winner for their $64 million Gold Ball jackpot and determined the
The Bank of Canada did not want to give the impression that it was done raising interest rates — or that the cost of borrowing would soon drop — in communicating its most recent policy rate decision, documents released Wednesday show. The Bank of Canada’s governing council worried that the decision to hold its benchmark
The federal government’s efforts to gather Canadian grocery executives for a summit to tackle food inflation is “disingenuous” and unlikely to bear much fruit, analysts say. Prime Minister Justin Trudeau on Thursday announced he was summoning leaders from Canada’s biggest grocers together on Monday, calling for a plan to stabilize food inflation and warning tax
Canada’s housing market could face a chill this fall as prospective buyers and sellers wait to see where the Bank of Canada’s interest rate path will head, according to new polling released Tuesday. Re/Max Canada said in a report that based on current market conditions, home prices are expected to remain flat nationally from August
Canadian millennials, particularly those who own a home, are set to face steep interest costs and economic damage in the months ahead, according to a new report from RBC. Rising interest rates are set to ratchet up the pain on millennials and younger Generation X adults, RBC argues, leaving them especially vulnerable to job losses
Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment is souring — leaving some unhappy customers scrounging to get their deposit, or more, in compensation. Real estate lawyers in some of Canada’s busiest housing markets who spoke to Motorcycle accident toronto today
The annual rate of inflation’s July jump could be cause for concern at the Bank of Canada, economists warn. Annual inflation rose to 3.3 per cent nationally last month, Statistics Canada said Tuesday, which falls outside the central bank’s one-to-three per cent target range.That’s up from June’s inflation rate of 2.8 per cent. Economists had
By Staff The Canadian Press Posted July 19, 2023 11:45 am Descrease article font size Increase article font size Industry watchers are hopeful that Canada’s phone and internet prices will continue to decline but say there is a long way to go when it comes to telecom affordability in the country. Statistics Canada’s inflation data
An easing in overall inflation is not being mirrored in food prices, and experts say severe weather and geopolitical disruptions will continue to cause pain for Canadians at the grocery store. Statistics Canada’s latest Consumer Price Index report for June released Tuesday showed that while the overall annual inflation rate cooled to 2.8 per cent