Economy

Economy

Mortgage borrowing drove household debt growth in August: StatsCan

Credit card balances also swelled, while HELOCs shank, the agency said

By James Langton |October 20, 2023

1 min read

Economy

Is immigration stoking inflation? All signs point to no

While a rising population impacts housing costs, there's little evidence of its impact in other areas, research finds

By James Langton |October 19, 2023

2 min read

Economy

Number of workers collecting EI increased in August: StatsCan

Jobless beneficiary ranks expanded for fourth straight month

By James Langton |October 19, 2023

1 min read

Economy

Energy drives industrial, raw materials prices up

Prices for inputs and manufactured products rose in September, StatsCan says

By James Langton |October 19, 2023

1 min read

Economic Indicators

Net worth of typical U.S. household surges

Wealth for the median household jumped 37% from 2019 to 2022, helping to sustain economic growth

By Christopher Rugaber, The Associated Press |October 18, 2023

3 min read

Economic Indicators

MNP consumer debt index improves, but consumer outlook worsens

51% of Canadians reported that they were $200 away or less from not being able to meet all their financial obligations

By The Canadian Press |October 18, 2023

1 min read

Economic Indicators

CMHC reports annual pace of housing starts up in September

Monthly seasonally adjusted annual rate of housing starts in September came in at 270,466 units, up from 250,383 in August

By The Canadian Press |October 18, 2023

1 min read

Economic Indicators

OSFI response to mortgage proposals will please industry: expert

Real estate industry is likely breathing a sigh of relief that Canada's banking regulator may not move ahead with lending tightening

By Sammy Hudes, The Canadian Press |October 18, 2023

3 min read

Economy

China’s economy grows 4.9% in Q3

China's economy grows 4.9% in Q3

By Zen Soo, The Associated Press |October 18, 2023

4 min read

Economic Indicators

U.K. inflation unchanged at 6.7% in September

Nevertheless, Bank of England not expected to raise interest rates at next policy meeting

By Pan Pylas, The Associated Press |October 18, 2023

2 min read

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