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Keyword: Consumer borrowing and saving

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Low angle view of Skyscrapers in downtown Toronto during the day

Amid growing challenges, Canadian banks still well positioned to absorb headwinds

loseup portrait senior man protecting a piggy bank

Pandemic-era deposits intact, likely to persist amid diminished confidence

Man holding a credit card, typing on laptop, online shopping

Mortgage debt growth remains sluggish alongside weaker housing markets, StatsCan finds

Growth red graph over golden coins stacks over white

TD expects the debt service ratio to hit a record high of 16.1% by the first quarter of 2024

Front exterior view of the CIBC Banking Centre in Jasper, Alberta.

Certain fees were not disclosed to borrowers for almost 20 years, regulator alleged

inequality between leader and workers

After a pandemic pause, inequality is growing as poor hit harder by downturn

Businessman standing in front of the panel with financial statistics

Air is coming out of asset values inflated by pandemic supports

RRSP piggybank

The size of contributions rose in 2020, alongside the number of savers

wage gap concept, blue figure symbolizing men and red pawn women,

Canada's poorest households saw increases in their income, net worth

inequality between people

All households saw income rise in 2020, with lower-income groups gaining most