Due to an increase in mortgage borrowing, consumer debt level rose in the first quarter of 2021, in spite of weaker usage of credit cards. Canadian households direct more money into their properties while spending less on other categories. According to the recent report...

On Wednesday, the central bank is expected to follow its monetary policy’s trajectory, based on the progress of vaccinations and growing consumer prices compared to weak economic data from the recent lockdowns. Economists predict no changes to the Bank of Canada government bond-buying program...

In May, Canada’s job market showed weak results for a second month in a row, affected by massive restrictions to fight the third wave of COVID-19. According to Statistics Canada, the national economy lost 68,000 jobs last month, following the loss of 207,100 positions...

The new report by the Toronto Real Estate Board (TREB) shows that a strong pace of home sales we’ve seen at the beginning of 2021 keeps slowing down. TREB says sales fell by 13% in May compared to April. According to the Ontario board, there were...

According to the latest study, almost 8 in 10 Canadians over the age of 55 can’t rely only on available registered savings and pension plans when it comes to providing a comfortable retirement. The recent Ipsos poll conducted for HomeEquity Bank shows that about...