We are coming closer to the Bank of Canada last rate meeting for 2022, and certain economists say we may see inflation slowing down in the nearest future. Last month, an annual inflation in Canada was unchanged at 6.9%, which is well above the BoC’s...

According to the Bank of Canada Senior Deputy Governor Carolyn Rogers, the national financial system is ready to withstand intensifying risks coming from higher interest rates and inflation that bring difficulties to many Canadian households. In her recent speech in Ottawa, Rogers noted that...

Exceeding pre-pandemic levels, the average rent in Canada kept growing last month, with the average rent for all property types listed on Rentals.ca reaching $1,976 per month. It’s $209 or 11.8% higher than in October 2021. As a result, rents have now gone up...

Falling housing sales and prices in Canada are making one of the country’s major financial-industry investors bet $1.7 billion (US$1.3 billion) that it will not be a long-lasting issue. Smith Financial Corp., the family holding company of First National Financial Corp. co-founder Stephen Smith,...

The recent poll by Accenture shows that many Canadians plan to reduce spending on non-essential items in order to save for the holiday season. According to the report, respondents are cutting their spending on non-essentials (69%), traveling (63%) and decorative lights to reduce their...