Personal borrowing surges, credit cards slow
Annual mortgage debt growth slowest since 2011, StatsCan says
- By: James Langton
- July 20, 2023 July 20, 2023
- 13:49
Annual mortgage debt growth slowest since 2011, StatsCan says
Banking sector turmoil, crypto industry facing investor litigation
Since the pandemic hit, U.S. employers have added jobs at a blistering pace
Assets rise, but outflows continue in Q2, Morningstar reports
Fuel prices were the biggest driver behind the drop
Tighter financial conditions pose growing threat to non-banks that may spread throughout financial sector
The monthly increase was the largest in a decade
Cross-border portfolio flows rise in May as offshore investors add federal paper, Canadian investors retreat
Desjardins analysis argues that immigration is needed to offset the economic impacts of an aging population
StatsCan reported sales were up in four of the seven subsectors that it tracks
Association says it expects 464,239 properties to trade hands this year, a 6.8% decrease from last year
Managers face risks from destructive wildfire season
Agency appears to be making a case for sustained funding as it tries to avert budget cuts
New projections suggest inflation will return to 2% target in mid-2025 – six months longer than the central bank previously forecast
Chemical products and motor vehicles were winners, while primary metals fell
By January of this year, variable-rate mortgages had fallen to 16.7% of new and renewed mortgages, while 1-5 year fixed-rate mortgages constituted 64%
Here's a by-the-numbers look at payment amounts
Office attendance in major global cities is still 30% lower than in 2019, report says
Prices were highest in Vancouver, Burnaby
The central bank raised its key lending rate to 5% on Wednesday
Premiers ask for dedicated meeting with the prime minister to discuss options
Dampened demand expected to lead to price declines
Central bank says British households face higher debt burdens but banks are in better position to help than they were 15 years ago