BoC official warns against ‘tinkering’ with mortgage rules
Carolyn Rogers says we must “resist temptation” to make housing more affordable
- By: Nojoud Al Mallees, Canadian Press
- November 6, 2024 November 6, 2024
- 14:05
Carolyn Rogers says we must “resist temptation” to make housing more affordable
Buyers in Toronto and Montreal are moving off the sidelines as lower interest rates make housing more affordable: boards
Prices 30% higher than pre-pandemic levels, despite recent easing
Majority underweighted energy and materials, overweighted consumer stocks over 17-year study
Steeper rates have increased the debt load of low- and middle-income households
The results came as total exports edged down 0.1% to $63.9B
Policy shift won't derail short-term economic outlook
More than one million contracts are up for renewal next year
Robert Ouellette has held executive positions in financial services, engineering, professional services, tech
Macroeconomic factors will have more impact than the outcome of the election: experts
Economists say the total was held down by the effects of strikes, hurricanes
Prices rose just 2.1% in September from a year earlier, down from a 2.3% rise in August
Government reports that an inflation gauge closely watched by the Fed fell to its lowest level in three-and-a-half years
Labour demand to drive stronger hiring not evident, NBF says
Job growth was held down in October by hurricanes and worker strikes
Previously forecasted deficit of $4.6 billion for 2025-26 has now been amended to just $1.5 billion
Consumer spending helps drive growth despite the weight of still-high interest rates
Canadians are investing less because of inflation and higher interest rates
Non-retirees' expectations of required savings increased by $200,000 compared to last year, CPP Investments finds
Job openings fell in particular at health-care companies, government agencies
U.S. Conference Board says its consumer confidence index jumped over the past month
The results show a dysfunctional system, policy analyst says