consumer spending News and Articles | My Blog
Bank of Canada's Macklem says 'too early' to consider rate cuts
12/15/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More
What mortgage owners need to know about the Bank of Canada's rate hike
7/13/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
Following the Bank of Canada’s latest interest rate hike, experts say Canadian mortgage owners will feel the impact of higher borrowing costs, either in the form of ... More
Canada braces for higher mortgage defaults
4/21/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More
Millions of Canadians already missing payments due to COVID-19
3/27/2020 | Posted in Financial Health by Paul DeAdder
The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.
... MoreCanadian consumer confidence takes unprecedented slump
3/19/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder
A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.
... MoreHomeowners' spending on renovations falls to 6-year low
6/5/2019 | Posted in Home Owners by Paul DeAdder
Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll
... MoreMore people are going broke in Canada as interest rates rise
1/9/2019 | Posted in Financial Health by Paul DeAdder
It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.
... MoreHigh debt levels, rising interest rates among challenges for 2019
12/19/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates.
... MoreBank Of Canada Interest Rate Hikes Will Cost Canadian Households $2,500 A Year
10/30/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Consumer spending is expected to slow as Canadians spend more on the interest on their debt.
... More