Credit card balances rise as mortgage growth slows
Higher inflation and debt payments are exceeding income growth
Non-mortgage debt ground to a halt in March while mortgage growth was stable
Rent and mortgage costs led to the first increase in the annual rate since it peaked at 8.1% in June 2022
Deal resolves claims over mortgage prepayment charges
Mortgage debt rebounds alongside housing market; credit card debt climbs too
Housing market, bank liquidity and the commercial real estate sector top the regulator's list of concerns
The Bank of Canada's preferred measures of core inflation also trended downward
Government seeks to develop Islam-compliant mortgages in regulatory testing ground
Sanctions softened to avoid putting bank out of business