Blog

The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

The world's biggest central bank is expected to raise rates this week - and then keep raising them

Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt.

Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact.

The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its ... More

With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike.

As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well.

The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

Economists still expect BoC rate rise but the numbers need to stack up.

Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

Canada's financial system is resilient, according to the Bank of Canada, but high household debt and imbalances in the housing market remain the biggest ... More

Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed.

Canadian households, the main driver of the country’s economy for the past decade, are showing signs of spending fatigue.

The tightened mortgage underwriting rules which came into effect at the start of the year have contributed to a slower start for the Canadian economy.

The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth.

Upward trend in rates would negatively impact Canadians' ability to service their debts.

Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at ... More

Canada’s economy decelerated more than expected in the second half of last year, amid signs indebted households have begun slowing down spending.

If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More

The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More

According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ... More

Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.

Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication.

In its latest data release, Statistics Canada announced that the amount Canadians owed compared with their disposable income climbed higher in the second quarter.

Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate.

Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans.

The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.

Unprecedented household debt levels will give Canadians a rude awakening on their unpaid credit card bills if another economic downturn materializes in the coming years, ... More

The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says.

Canadian household debt is rising and is set to keep rising despite expected increases in interest rates; and that worries the Parliamentary Budget Officer.