Annual inflation growth slows down According to the recent report by Statistics Canada, the consumer price index (CPI) was up by 1.7% annually last month, following a 1.9% increase of December. Meanwhile, a monthly gain reached 0.7%. Both increases exceeded economists’ forecasts. Statistics Canada says consumers paid 3.2% more for transportation...

CIBC outpaces other Canadian banks in quarter earnings The Canadian Imperial Bank of Commerce (CIBC) took the leading position among other big Canadian banks in terms of dividend growth. It also showed a better-than-expected first-quarter net income, supported strongly by higher earnings in its...

Vancouver introduces new measures against foreign homebuyers Another round of strict measures against foreign buyers is taken in Vancouver, one of the hottest real estate markets in North America. British Columbia Finance Minister Carole James implemented tightening of rules aimed at foreign buyers and speculators in the...

HELOCs are becoming more and more popular Canadian consumers tend to borrow against their properties at the fastest pace in more than five years. Today, home equity lines of credit (HELOCs) are becoming more popular as the most attractive way to access the necessary finances. In...

CIBC says interest rate hikes won’t affect Canadian borrowers significantly As you now, many economists have been worrying about the influence of higher interest rates on Canadian borrowers, who represent one of the most leveraged groups in the world. However, a recent report by CIBC Capital...