Household debt outpaced income so far this year
Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter.
ADVERTISEMENT
Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter.
Dollarama Corp.’s chief financial officer says the company had a “smooth quarter,” even as war in the Middle East blocked key fuel shipping routes and posed challenges for retailers.
The Bank of Canada held its benchmark interest rate steady for a fifth consecutive decision on Wednesday as it tries to support a turbulent economy without letting prices rise unchecked.
The Bank of Canada is locked into a “wait-and-see” holding pattern while it navigates a slowing economy and rising oil-driven inflation risks, says an economist.
The Bank of Canada held its policy interest rate at 2.25 per cent on Wednesday. Here is the text of the central bank’s decision:
Rising gas prices pushed U.S. inflation to its highest level in three years last month, a headache for the U.S. Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.
A public policy think tank is reminding Canadians that June 9 is “Tax Freedom Day,” which it says is the day of the year taxpayers would start working for themselves if they had paid all their taxes up front.
A new report says Canada could be poised for a slower-than-usual summer rental market as average asking rents for May were down approximately $100 from a year earlier.
Economists expect the Bank of Canada to hold its benchmark interest rate steady for the fifth straight time when it meets Wednesday, but its messaging could shed light on how it is navigating ongoing geopolitical uncertainties.
Canada's new one-time grocery benefit hit millions of bank accounts on Friday. But some Canadians are skeptical of how much it will help.
One of the federal Liberals’ flagship affordability measures will land in the bank accounts of eligible Canadians starting today.
World food prices slipped in May from a revised April level, with vegetable oil prices falling for the first time this year while cereals and sugar jumped, the United Nations Food and Agriculture Organization said on Friday.
As summer approaches, road trips are back on the calendar for many Canadians, but higher fuel prices are changing the budget before some travellers leave home.
Canadians continued to feel pressure at the grocery store in April, even as overall inflation remained relatively subdued.
Slashing municipal development charges could help spur building in some of Canada’s most expensive markets but those cuts wouldn’t be enough to fix the affordability gap on their own, according to a new analysis from the federal housing agency.
Payments are soon coming for millions of Canadians, and changes are on the way to a key federal benefit program. Here’s what you need to know.