According to TD economist Ksenia Bushmeneva, Canadians’ household finances are generally in good conditions. However, they still depend heavily on low interest rates and growing housing and equity market prices. BMO economist Shelly Kaushik is highly concerned about Canadians’ personal finances. She points to...

Since the beginning of COVID-19 pandemic, the Bank of Canada has been purchasing billions of dollars worth of bonds each week. With the help of this measure the BoC has been keeping borrowing costs (and fixed rates, particularly) at a low level. Last week,...

Last month, Canada’s job market kept recovering, reporting a stronger-than-expected employment increase, as businesses started hiring in order to meet a high demand for services after COVID-19 restrictions were eased or lifted. According to Statistics Canada, the national economy created 90,200 jobs in August,...

According to the recent data from Bloomberg and Nanos Research, Canadian consumer confidence kept going down last week. The weekly Bloomberg Nanos Canadian confidence index stopped at 61.57 during the week ending September 03, 2021. The numbers are lower than 64.93, reported four weeks ago,...

Today, the Bank of Canada kept its key lending rate unchanged at 0.25%, as well as the current pace of the bond purchase program. The Governor Tiff Macklem repeated the previous promise not to raise the overnight rate until all the damages from the...