Equifax says total consumer debt $2.32 trillion in Q2, up 8.2% from year ago
TORONTO – Equifax Canada says total consumer debt rose to $2.32 trillion in the second quarter, up 8.2 per cent compared with the same quarter last year. The report by the credit rating agency says increases in […]
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Canadians vulnerable to ‘payment shock’ as debt, interest rates climb, experts say
Canadians are increasingly vulnerable to “payment shock” as higher household debt levels collide with oversized interest rate hikes. The Bank of Canada raised its key lending rate by three-quarters of a percentage point Wednesday, making it more expensive to borrow money […]
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Lower economic growth necessary to bring inflation down: BoC senior deputy governor
OTTAWA – Bank of Canada senior deputy governor Carolyn Rogers says the journey back to two per cent inflation will take time and a that period of lower economic growth is necessary to bring inflation down. The Thursday speech to Calgary […]
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Bank CEOs say higher rates starting to dampen growth despite economic buffers
TORONTO – The heads of Canada’s biggest banks say rising interest rates are starting to have their intended effect of slowing demand but that for now they continue to notch growth. Speaking at an investment conference in Toronto on […]
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BC Construction Association receives funding from the Government
The BC Construction Association (BCCA) has received over $21M in funding from the Government of Canada’s Apprenticeship Service to enable employers in BC’s construction industry to hire first-year apprentices. An employer with fewer than 500 […]
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