canadian debt News and Articles | My Blog
Bank of Canada makes third rate cut in a row
9/4/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower.
... MoreThe Bank of Canada is expected to cut rates again, with U.S. Fed on deck
9/3/2024 | Posted in Interest Rates by Paul DeAdder
The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More
Bank of Canada cuts key interest rate to 4.5% with hints of more to come
7/24/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle.
... MoreThe hidden cost of rising debt: why checking your credit report matters more than ever
7/14/2024 | Posted in Financial Health by Paul DeAdder
With interest rates and borrowing costs at elevated levels, it’s more important than ever to ensure your credit report is in good standing.
... MoreResidential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC
5/29/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More
More Canadians only making minimum payment on credit cards: TransUnion
5/29/2024 | Posted in Financial Health by Paul DeAdder
A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More
Inflation slows more than expected in January
2/20/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in ... More
Market participants still expect the first Bank of Canada rate cut in April
2/5/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by ... More
There's a common theme among Canadians overwhelmed by debt
2/6/2024 | Posted in Financial Health by Paul DeAdder
Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.
... MoreUnder-35 households lead the way in reducing mortgage debt, StatCan reports
1/25/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.
... MoreMortgage renewals could cause severe downturn
10/7/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated.
... MoreHousehold debt levels set new record high in Q2
9/4/2023 | Posted in Financial Health by Paul DeAdder
Higher living costs are pushing more and more Canadians into debt, according to a new report.
... MoreWhen will the Bank of Canada put the brakes on its rate-hike campaign?
6/27/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists weigh in on the possibilities for the central bank’s policy rate
... MoreCanadians' mortgage borrowing hits lowest level since 2003
6/15/2023 | Posted in Financial Health by Paul DeAdder
Canadians' mortgage borrowing has reached its lowest level since 2003, primarily due to the impact of higher interest rates, according to recent data released by Statistics ... More
Canada's debt rises as rates cut into households' cash flow
6/14/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest
... MoreCanadian consumer debt hits all-time high, reaching $2.32 trillion in Q1 2023: TransUnion
6/1/2023 | Posted in Financial Health by Paul DeAdder
Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023.
... MoreCanada's residential mortgage debt now $2.08trn, says CMHC
5/25/2023 | Posted in Financial Health by Paul DeAdder
The federal housing agency has revealed the latest industry trends
... MoreCanadian reverse mortgage debt reaches nearly $4 billion
1/28/2020 | Posted in Financial Health by Paul DeAdder
Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More
Canadians are cutting back on debt amid fears of recession
1/2/2020 | Posted in Canada Living by Paul DeAdder
Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020.
... MoreCanadian households to get short break from rising debt costs
12/31/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
TD economists says the cost of servicing debts should ease early in 2020
... MoreCanadian Household Borrowing Jumps By 31%, StatCan Says
12/16/2019 | Posted in Financial Health by Paul DeAdder
Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more.
... MoreCanadians' wealth reduced as real estate gains are erased
9/19/2019 | Posted in Canadian Economy and Housing Market by Paul DeAdder
The average Canadian household was worth less in 2018 than in the previous year.
... MoreStats Can releases Q2 household debt data
9/14/2019 | Posted in Financial Health by Paul DeAdder
Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row.
... MoreBank of Canada reveals latest interest rate decision
9/4/2019 | Posted in Interest Rates by Paul DeAdder
The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy.
... MoreA Bank of Canada rate cut as early as September
8/20/2019 | Posted in Interest Rates by Paul DeAdder
A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says.
... MoreAverage Canadian household spent more on taxes than living costs in 2018, report finds
8/2/2019 | Posted in Financial Health by Paul DeAdder
The average Canadian household paid nearly $40,000 in taxes last year, more than the combined cost of clothing, food and shelter, according to a new report.
... More