Disposable income increased 3% while household credit market debt edged up 0.8%
Peter Routledge stressed that SVB in Canada does not take deposits from Canadians
Proposed acquisition part of Loyalty Ventures bankruptcy court process in Canada
Consumers still spend about the same amount per trip, an RBC report says
Inflation has hit younger Canadians hardest
The basic personal exemption will rise to $15,000 from $10,145
The quarter included a $1.6-billion charge to settle a lawsuit
The results were helped by a reversal of an impaired loan writeoff
Projection for economic growth downgraded to 1% for 2023
Rate hikes make it harder to pay off debt