Household credit market debt as a proportion of household disposable income increased to 171.1%, up from 170.1% in Q2
It’s important for clients to understand the opportunities they have from a tax planning perspective, but not to let tax decisions override everything else
The consumer price index was up 1.4% in October compared with a year ago, following a 1.6% increase in September
Canada’s trade deficit was $3.2 billion in September, essentially unchanged from the previous month
Declines in manufacturing and mining, quarrying and oil and gas extraction more than offset gains in other sectors
Exports move lower; imports unchanged
The increase came as household income increased 1.2% while household credit market debt rose 1.9%.
Although the unemployment rate fell to its lowest point in almost nine years, the pace of growth slowed in July
The energy industry helped power growth in Canada’s GDP
This is the central bank’s first interest rate increase since 2010