Interest Rates: Stressed Homeowners in Canada Are Turning to Credit Cards – Bloomberg
— Read on www.bloomberg.com/news/articles/2023-05-18/bank-of-canada-sees-financial-stress-rising-among-homebuyers
Tag: Canada
Canada added 41,000 jobs in April, crushing estimates – BNN Bloomberg
Canada added 41,000 jobs in April, crushing estimates – BNN Bloomberg
— Read on www.bnnbloomberg.ca/canada-added-41-000-jobs-in-april-crushing-estimates-1.1916393
Economic update: Recession risk rising, deficit declining | CTV News
The federal government’s fall economic update makes it clear that while the deficit is declining, the risk that Canada enters into a recession is rising.
— Read on www.ctvnews.ca/politics/risk-of-recession-rising-deficit-projected-at-36-4b-in-2022-23-fall-economic-statement-1.6137290
Unemployment rate drops slightly to 5.1% in November, labour market still hot – BNN Bloomberg
Unemployment rate drops slightly to 5.1% in November, labour market still hot – BNN Bloomberg
— Read on www.bnnbloomberg.ca/unemployment-rate-drops-slightly-to-5-1-in-november-labour-market-still-hot-1.1854028
Unemployment rate drops slightly to 5.1% in November, labour market still hot – BNN Bloomberg
Unemployment rate drops slightly to 5.1% in November, labour market still hot – BNN Bloomberg
— Read on www.bnnbloomberg.ca/unemployment-rate-drops-slightly-to-5-1-in-november-labour-market-still-hot-1.1854028
David Rosenberg: Canada’s housing bubble has finally popped — don’t underestimate the impact
Another 25% decline in home prices would strip $1 trillion off Canadians’ wealth
— Read on ca.finance.yahoo.com/news/david-rosenberg-canadas-housing-bubble-184347689.html
Ontario millennials must save for 20+ years for down payment: report | CTV News
A new report shows house prices need to drop by more than $500,000 for millennials to be able to afford a home in Ontario.
— Read on toronto.ctvnews.ca/ontario-millennials-need-to-save-for-over-20-years-for-down-payment-on-a-home-report-1.6179803
Tiff Macklem acknowledges the Bank of Canada is losing money for first time | Financial Post
Tiff Macklem acknowledges the Bank of Canada is losing money for first time | Financial Post
— Read on financialpost.com/news/economy/bank-of-canada-losing-money-for-first-time/wcm/7f59995a-3115-45f6-91ef-ea5b7feb8c71/amp/
Home owners with variable-rate mortgages face difficult squeeze as interest rates rise, house prices drop, Bank of Canada warns – The Globe and Mail
Fifty per cent of variable-rate mortgage holders have already reached their trigger rate, according to estimates from the Bank of Canada
— Read on www.theglobeandmail.com/business/article-variable-mortgages-trigger-rate-bank-of-canada/
Half of variable-rate mortgages have hit their trigger rate, estimates Bank of Canada | Financial Post
Half of variable-rate mortgages have hit their trigger rate, estimates Bank of Canada | Financial Post
— Read on financialpost.com/real-estate/mortgages/bank-of-canada-mortgage-variable-rate-trigger/wcm/39527f35-cce6-4014-896d-75e405ecee21/amp/