Borrowing Binge

• Bank of Canada set to make key interest rate decision

  While there is little expectation of a change to its overnight rate target, economists will be looking for any clues as to how the central bank views the economy.

  Canada

  Mar 9, 2016
  
• RBC worried about cash lent out to energy firms, consumers

  Bank increases provisions for credit losses by 52 per cent due to expected pressures in the oil and gas sector and in its personal lending and credit card portfolios.

  Canada

  Feb 24, 2016
  
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• New mortgage rules are about to hit first-time buyers in hot housing markets

  Changes coming into effect Feb. 15 will raise bar on homeownership "quite materially" in some key markets. "Especially for first-time buyers."

  Canada

  Feb 11, 2016
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• Canadians still love that new car smell, despite economic ‘doom and gloom’

  Vehicle sales are on pace to smash last year's record high, despite economic warnings signs flashing red. 'Canadian car buyers don’t seem to be paying attention.'

  Canada

  Feb 4, 2016
• Canadians rack up record amount of debt (again) ahead of holidays

  Canadian consumers are carrying more debt with them into the holidays, with the amount owed by households again hitting a new all-time high, new data shows.

  Canada

  Dec 14, 2015
• Household debt growth accelerates as mortgage lending jumps

  Mortgages helped boost Canadian household credit growth in October to its fastest pace since 2012, report from RBC says.

  Canada

  Dec 4, 2015