The prime minister is directly responsible for the anarchy on our streets
— Read on nationalpost.com/opinion/trudeaus-response-to-ottawa-hate-rally-too-little-too-late
Tag: Canada
Mortgage payment shock far from over, warn economists | Financial Post
Mortgage payment shock could stretch into 2027 and drag Canada’s economy into recession, says Oxford Economics. Find out more
— Read on financialpost.com/news/mortgage-payment-shock-far-from-over
OSFI limits banks’ mortgages to highly indebted borrowers | Financial Post
New mortgage rule imposed by Office of the Superintendent of Financial Institutions aims to reduce financial system vulnerability. Read more
— Read on financialpost.com/fp-finance/banking/osfi-limits-banks-mortgages-highly-indebted-borrowers
Rosenberg: The dirty little secret about inflation that rarely gets attention
The Bank of Canada is out-hawking the Fed over inflation it largely created itself
— Read on ca.finance.yahoo.com/news/rosenberg-dirty-little-secret-inflation-175442795.html
Diane Francis: Canada in deep economic trouble | Financial Post
Canada’s economic indicators paint a stark contrast to the Liberal government’s rosy assessment, writes Diane Francis. Read more
— Read on financialpost.com/diane-francis/canada-deep-economic-trouble-diane-francis/wcm/1d45ce2d-dad1-4676-a56f-713ab985bfd9/amp/
Theo Argitis: Why the Bank of Canada is likely to err on the side of overdoing it in the fight against inflation
Indebted Canadians should continue to brace themselves
— Read on ca.finance.yahoo.com/news/theo-argitis-why-bank-canada-112819198.html
Bank of Canada raises its key interest rate to 5%
Bank of Canada raises its key interest rate to 5%
— Read on www.cbc.ca/amp/1.6904330
Bank of Canada hikes another 25 basis points, bringing rate to 4.75%
The increase brings the central bank’s policy rate to the highest level in more than two decades.
— Read on ca.finance.yahoo.com/news/bank-of-canada-hikes-another-25-basis-points-bringing-key-rate-475-140919284.html
Economic headwinds weigh on bank results as more money set aside for bad loans
TORONTO — The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada’s big banks. Four out of the Big Five banks have reported earnings that missed expectations as they set aside more money for bad loans and struggle to contain rising costs, and several see their revenue take a hit from slower loan growth. CIBC was the lone outlier as its results Thursday came in better than analysts had expected. While
— Read on ca.finance.yahoo.com/news/td-bank-group-reports-q2-111707633.html
Canadian residential mortgage debt hits $2.08 trillion: CMHC
OTTAWA — Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt was $2.08 trillion as of January this year, up six per cent from January 2022. However, the federal housing agency says in a new report that the rate of growth for mortgage debt slowed compared with recent years. The report attributes the trend to inflation, rapidly rising interest rates and cooling housing markets, which have weakened consumer confidence and left fewer home buyers looking to buy. Many
— Read on ca.finance.yahoo.com/news/canadian-residential-mortgage-debt-hits-150523801.html