60% of Canadians concerned about impact of rising rates: MNP survey
Posted: Oct 25th, 2022In: ConstructionNewsAs another Bank of Canada interest rate hike is to be announced Wednesday (26th), a recent poll conducted by Ipsos on behalf of MNP Ltd finds that six in ten Canadians (59%,+1pt) say they are[...]
Read More about 60% of Canadians concerned about impact of rising rates: MNP surveyEquifax says total consumer debt $2.32 trillion in Q2, up 8.2% from year ago
Posted: Sep 11th, 2022In: ConstructionNewsTORONTO – 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[...]
Read More about Equifax says total consumer debt $2.32 trillion in Q2, up 8.2% from year agoCanadians vulnerable to ‘payment shock’ as debt, interest rates climb, experts say
Posted: Sep 10th, 2022In: ConstructionNewsCanadians 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[...]
Read More about Canadians vulnerable to ‘payment shock’ as debt, interest rates climb, experts sayBank CEOs say higher rates starting to dampen growth despite economic buffers
Posted: Sep 8th, 2022In: ConstructionNewsTORONTO – 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[...]
Read More about Bank CEOs say higher rates starting to dampen growth despite economic buffers