Equifax Canada’s Q1 2025 report shows 1.4 million Canadian borrowers (representing 1 in 22 credit users) missed at least one credit payment during the first quarter. This occurred despite a $107 reduction in average monthly credit card spending per cardholder. The data reveals distinct...

Canada’s inflation rate fell dramatically to 1.7% year-over-year in April (down from 2.3% in March) following the early-April elimination of the federal carbon tax for consumers, according to Tuesday’s Statistics Canada report. However, grocery stores continued to see accelerating price growth. The April deceleration...

The Bank of Canada maintained its benchmark interest rate at 2.75% on Wednesday, April 16, while presenting two divergent economic outlooks in response to heightened uncertainty stemming from U.S. trade tariffs. Although inflation eased to 2.3% in March, the Bank cautioned that short-term inflation...

Following an unexpected slowdown in March inflation, a prominent Canadian economist stated he does not anticipate a rate cut from the Bank of Canada (BoC) this Wednesday. However, he projected cumulative easing of around 100 basis points (1%) over the remainder of the year....

The Bank of Canada, as expected, lowered its key interest rate on Wednesday, March 12. Two prominent financial experts believe that this move will likely be followed by a phase of fiscal stimulus from the federal government, aimed at helping Canadians navigate the ongoing...