At the beginning of the COVID-19 pandemic, we’ve seen financial situation of many households facing hard challenges. In March, the quarterly MNP Consumer Debt Index showed that consumer debt fears reached a record high level. Canadians who already had financial issues, worried that the pandemic,...

According to specialists, the central bank Governor Tiff Macklem’s promise of low interest rates for about two years may lead to speculative demand in Canada’s hottest real estate markets. The Government hopes that a series of stimulus measures and extremely low interest rates will...

As you know, the central bank has kept its overnight rate unchanged at 0.25%, and it’s expected to remain that way for long – at least, until we see a 2% inflation. The new Bank of Canada Governor Tiff Macklem showed certain optimism, saying...

Today, the central bank kept its key lending rate unchanged at 0.25%. It was the first rate decision meeting with a new governor Tiff Macklem, who took over the Bank of Canada after Stephen Poloz’s seven-year term ended. Poloz’s final months brought a series of...

According to Capital Economics, growing household and business debt will slow down the anticipated strong economic recovery after COVID-19. “High business and consumer debt level will probably restrain productivity growth during the next ten years compared to the US,” – noted Stephen Brown, senior...