COMMENTARY: Are indebted Canadians foolhardy or prey?
Canadians should be responsible for their own debts, but Mike Stafford says Canadian banks and lenders have to share some responsibility, as well. Continue reading
Canadian interest rates
Spike in gas and restaurant prices helps push inflation to highest level in 3 years
The inflation report said the main driver that pushed up year-over-year consumer prices in February was the higher cost of gasoline, while pricier items like restaurant meals and passenger vehicle also had impacts. Continue reading
BUSINESS REPORT: Higher interest rates ahead
Change in Canadian interest rates could begin in just two weeks. Continue reading
As rates rise, Canadians in debt face risk ‘beyond historical experience’: PBO
Canadian households are on course to become more financially stretched than they’ve ever been before. Continue reading
Loonie jumps as Bank of Canada sends more signals that interest rates may rise
The loonie shot up following fresh signals from the Bank of Canada that it is giving more thought to raising interest rates, while Toronto’s main stock index continued its second day of declines. Continue reading
Experts believe interest rate hike may be coming after ‘hawkish’ Bank of Canada speech
Carolyn Wilkins said the gains are something Canada hasn’t seen since before the oil-price collapse nearly three years ago. Continue reading
How the U.S. Federal Reserve rate hike might affect Canadians’ wallets
Expect the spread between fixed-rate and variable-rate mortgages to widen. Continue reading
Nearly 1 million Canadians could struggle with even a slight rise in interest rates
A report by TransUnion says up to one million Canadian borrowers may not be able to absorb the increase in their monthly payments if interest rates rise by one full percentage point. Continue reading