Households had greater purchasing power in Q4 2022 than before the pandemic
With inflation at 8.7%, monetary policy committee raised interest rate to 5%
Rates to stay higher for longer amid inflation, 2024 forecast revised down
Latest increase ensures banks have a cushion to absorb rising credit losses
Latest numbers highlight growing stress in the industrial and financial trades
Growth in labour demand, average hourly wages offered slowing
Record population growth pushes Canada past 40-million mark
Credit card balances rise as mortgage growth slows
New figures to be released this week could show signs of softening
Remaining excess savings unlikely to be spent, Fitch says