Affordability

• Consumers using savings to pay for essentials and piling up debt: Equifax

  Canadians continue to face financial strain amid the heightened cost of living, according to the latest report from Equifax, which shows younger people generally struggle the most.

  Consumer

  Aug 6
  
• Some Ontario homeowners hit ‘breaking point,’ miss mortgage payments: report

  High-market prices and rates in places like the GTA are creating strain for many mortgage holders, but an Equifax official said the market is not the only factor.

  Economy

  May 26
  
• Advertisement
• Conservatives push motion to scrap all federal gas taxes for rest of year

  The affordability push, which calls for suspending the GST on gas and diesel, comes after the Liberals instituted a temporary suspension of the federal fuel excise tax last month.

  Canada

  May 26
• Advertisement
• Reform old age security to help tackle Ottawa’s deficit, advocates say

  Ottawa cannot afford to 'be spending our dollars unwisely' right now and should cut OAS payments to wealthier seniors, a policy group urges.

  Consumer

  May 25
• Walmart says lower-income shoppers are ‘navigating financial stress’

  Walmart says lower-income shoppers appear to be increasingly 'navigating financial stress' as the so-called 'K' shaped economy becomes more prominent.

  Consumer

  May 21
• Quebec’s minimum wage now $16.60 per hour

  A study published yesterday by Quebec socioeconomic think tank IRIS shows someone living in Montreal needs to earn about $30 per hour to live above the poverty line.

  Canada

  May 1
• Food affordability outweighs taste, nutrition for Canadians: report

  The study found that Canadians are still looking for discounts to save on food, but some are still dipping into savings or borrowing money to buy.

  Canada

  Apr 28
• Mortgage affordability worsens in most major Canadian cities, report says

  In 11 out of Canada's 13 major cities, it became harder to be able to afford a mortgage in February, a new report by Ratehub.ca has found.

  Money

  Mar 26
• Advertisement
• Fuel, food rebates ‘would not bring down’ prices amid Iran war: economists

  The Iran war has raised the price of crude oil beyond US$110 per barrel in international markets, spurring affordability concerns in Canada and around the world.

  Economy

  Mar 20
• Advertisement
• Manitoba freezes price of 1-litre milk cartons, weighs caps on larger containers

  Manitoba is freezing the price of one-litre milk for the year and is considering price caps on larger containers as the province reviews grocery affordability.

  Consumer

  Jan 15