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Fed and Bank of Canada have reason to pause hikes, says strategist

1/24/2023 | Posted in Interest Rates by Paul DeAdder

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The Federal Reserve and Bank of Canada can afford to pause interest-rate increases now because inflation pressures are easing rapidly, according to a Bank of Montreal ... More


BoC expected to end year off with one more rate increase, likely to pause hikes soon

12/2/2022 | Posted in Interest Rates by Paul DeAdder

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The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on ... More


Growing debt could threaten stability as rates rise, says Bank of Canada's Rogers

10/18/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is closely monitoring debt burdens being shouldered across the economy over concerns they could become a threat to financial stability as interest rates ... More


BoC's Macklem: More interest rate hikes are "warranted"

10/7/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More


More Canadians living paycheque to paycheque with growing debt

9/30/2022 | Posted in Canada Living by Paul DeAdder

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Personal finances of millions of Canadians are worsening, and more people are concerned about their high levels of debt

... More


Interest rates: TD, Scotia see Bank of Canada heading to 4%

9/14/2022 | Posted in Interest Rates by Paul DeAdder

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TD Securities and Scotiabank's top economists think there’s more room to run for the Bank of Canada as it increases interest rates from the pandemic ... More


Canadians are falling deeper into debt: Statistics Canada

9/12/2022 | Posted in Canada Living by Paul DeAdder

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New data from Statistics Canada shows that Canadians are sliding deeper into debt.

... More


Bank of Canada announces another big rate hike

9/7/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control.

... More


Millions of Canadians could default on debts warns TransUnion

9/7/2022 | Posted in Canada Living by Paul DeAdder

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Overall consumer debt hit a new record high in the second quarter and some people may be overwhelmed by inflation.

... More


How the Bank of Canada's rate hike will impact mortgages, loans and spending

7/13/2022 | Posted in Mortgages and Real Estate by Paul DeAdder

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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.

... More


Bank of Canada to hike key interest rate by 0.75%, economists say

7/10/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.

... More


Delinquent HELOC debt expected to soon rise as interest rates increase, say experts

7/8/2022 | Posted in Mortgages and Real Estate by Paul DeAdder

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As interest rates tick up, financial experts expect to see delinquency on home equity lines of credit rise in the next few months, especially if inflation refuses to ... More


27% of homeowners have a HELOC, half paying down principal: Poll

6/29/2022 | Posted in Canadian HELOC by Paul DeAdder

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Home equity lines of credit (HELOCs) were a common way for Canadian homeowners to tap into their home’s equity during the long run of low interest rates and rapidly ... More


JPMorgan sees 'material risk' of full-point hike from Bank of Canada

6/26/2022 | Posted in Interest Rates by Paul DeAdder

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The possibility of a full-percentage point interest rate hike from the Bank of Canada at its July meeting is now firmly on the table following the latest inflation data for ... More


Key household debt-to-income ratio down in Q1 as income rises faster than debt

6/14/2022 | Posted in Canadian Economy and Housing Market by Paul DeAdder

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Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes ... More


Nearly 1 in 4 homeowners would have to sell if interest rates rise more, survey finds

6/13/2022 | Posted in Canadian Housing Market by Paul DeAdder

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Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.

... More


Canadian reverse mortgage debt reaches nearly $4 billion

1/28/2020 | Posted in Financial Health by Paul DeAdder

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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

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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.

... More


Canadian Household Borrowing Jumps By 31%, StatCan Says

12/16/2019 | Posted in Financial Health by Paul DeAdder

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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.

... More


Canadians' wealth reduced as real estate gains are erased

9/19/2019 | Posted in Canadian Economy and Housing Market by Paul DeAdder

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The average Canadian household was worth less in 2018 than in the previous year.

... More


Stats Can releases Q2 household debt data

9/14/2019 | Posted in Financial Health by Paul DeAdder

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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.

... More


Bank of Canada reveals latest interest rate decision

9/4/2019 | Posted in Interest Rates by Paul DeAdder

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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy.

... More


A Bank of Canada rate cut as early as September

8/20/2019 | Posted in Interest Rates by Paul DeAdder

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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says.

... More


Average Canadian household spent more on taxes than living costs in 2018, report finds

8/2/2019 | Posted in Financial Health by Paul DeAdder

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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


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