Prime Minister Justin Trudeau announced a new set of measures aimed at helping Canadians to handle sharp prices growth. However, some large banks warn that new spending will only worsen the issue. Canada’s government will double a sales tax rebate received by low-income families...

If extremely low interest rates were the reason for the real estate market overheating, as one famous economist noted in 2020, some may believe that the recent sharp rate increases will cool down the markets. However, we need to focus on more than only...

Canadians showed weaker mortgage borrowing activity in the second quarter of 2022, but reported growing non-mortgage debts. However, according to Equifax Canada, the overall debt levels still saw an annual increase by 8.2% and reached a new record of $2.3 trillion. The report shows...

In August, Canadian employment rate showed an unexpected decline for the third consecutive month and an increase in the jobless rate, which could mean that interest-rate hikes have begun to cool the national labour market. According to Statistics Canada, the economy lost 39,700 jobs...

According to Bank of Canada senior deputy governor Carolyn Rogers, the way back to 2% inflation will take some time and will require a period of lower economic growth. Her speech follows the BoC’s key interest rate increase by 0.75% and a warning of more hikes coming in the nearest...