On Wednesday, the U.S. Federal Reserve raised its key lending rate by 0.75%, marking the largest hike since 1994 and increasing the odds of the same decision from the Bank of Canada in July. The U.S. bank’s move pushed the country’s benchmark rate to...

The Federal Reserve has announced its largest rate hike in 28 years – by 0.75% – in attempt to solve the inflation crisis in the country. As a result, the short-term rate now varies from 1.5% to 1.75%. This is the first time the...

In the first quarter of 2022, the disposable income in Canada grew faster than the debt level. As a result, the nation’s household debt-to-income ratio fell from the previous record highs. According to Statistics Canada, household credit market debt as a share of disposable...

The latest poll by Manulife Bank of Canada shows that almost one in four homeowners will be forced to sell their home in case interest rates continue to rise. The survey was conducted during the period from April 14 and April 20. It says...

In May, Canadian employers kept hiring at a significant pace amid quite a tight labor market, reducing the jobless rate to a record low and supporting a strong growth in wages. According to Statistics Canada, the national economy added 39,800 jobs last month, outpacing...