Higher inflation and debt payments are exceeding income growth
Stronger growth, tight labour market, and rise in inflation clinched the decision to raise key interest rate
Recession is likely for much of the country later this year, new research shows
Key interest rate now sits at 4.75%, highest it's been since 2001
Exports for April rose 2.5% led by energy and mineral products
Higher cost of living contributed to greater credit demand, Equifax says
The bank raised its quarterly dividend
Reports profit of $847 million for the quarter ended April 30, down from $889 million a year earlier
UHT an “insulting” attack on Americans with second homes in Canada: Niagara politician
Debt charge rose 42% from 2021-22 because of rate hikes, revenues up 8.6%