Non-mortgage debt ground to a halt in March while mortgage growth was stable
Sales at gasoline stations and fuel vendors dropped 3.9%
Labour market remains tight, with unemployment and EI numbers at all-time lows
Portfolio flows turn negative in March, but stay positive for first quarter
Strong inflation data coupled with housing market rebound makes case for more BoC tightening
Rent and mortgage costs led to the first increase in the annual rate since it peaked at 8.1% in June 2022
Consumers face challenges in the second half of the year, including tighter credit and a weaker job market
Companies paying down debt also reduce their deposits and outstanding loans, according to CIBC
The year-over-year sales decline was markedly smaller than the drops reported in recent months
Credit card performance deteriorating, insolvencies rising, as higher rates and inflation bite