Rising Inflation Strains Canadian Households: Statistics Canada Survey
Half of Canadians struggle with rising food and shelter costs, according to a new Statistics Canada survey, showing a...
mortgage renewals
Bank of Canada Concerned About Labor Market Weakness and Its Impact on Consumer Spending
Bank of Canada officials express concerns over potential years-long slump in consumer spending due to labor-market weakness and increasing...
Canada’s Financial System Faces Risks from Household Debt and Mortgage Renewals, Says Regulator
In a recent assessment by the Office of the Superintendent of Financial Institutions (OSFI), rising household debt in Canada...
Increase in Mortgage Arrears at Canadian Nonbank Lenders
The share of mortgages in arrears at Canadian nonbank lenders has increased in the third quarter, highlighting the financial...
Bank of Canada Surveys Show Elevated Inflation Expectations and Stagnant Economy
Inflation expectations remain high among businesses and households in Canada, according to surveys released by the Bank of Canada....
Canada’s Banking Regulator Maintains Mortgage Stress-Test Gauge at 5.25%
Canada's banking regulator has announced that it will keep the minimum qualifying rate for mortgages unchanged at 5.25%. This...
Bank of Canada to Monitor Fallout from Mortgage Renewals
The Bank of Canada is closely monitoring the potential fallout from pending mortgage renewals, as approximately 3.5 million households...
Bank of Canada Monitors Fallout from Mortgage Renewals
The Bank of Canada is closely monitoring the potential fallout from pending mortgage renewals, as approximately 3.5 million households...