The proportion of senior families carrying debt has jumped from 27% in 1999 to 42% in 2016
The total number of insolvencies rose by 3.5% compared to January
The proportion of Canadians living below the official poverty line also declined in 2017
Real GDP decreased by 0.1%, in line with consensus expectations
Wholesale and manufacturing sales also declined for the month
Both wholesale and manufacturing sales fell
The increase is likely due in part to a change in methodology
New StatsCan research finds that having a pension plan has a “positive but modest effect on TFSA performance”
But even in the tightened job market, wage growth remained well below inflation
Canada added 82,000 of the less desirable part-time positions in July while losing 28,000 full-time jobs