Mortgage stress test, PST continue to affect Saskatoon’s new home market
Saskatoon & Region Home Builders’ Association said government policies continue to have a negative impact on the new home market. Continue reading
Interest Rates
Trump will nominate Stephen Moore, a fellow Powell critic, for Fed board
Moore, formerly chief economist for the conservative Heritage Foundation, has been critical of the policies of Chairman Jerome Powell. Continue reading
Federal Reserve keeps U.S. interest rates steady, says will be ‘patient’ on further hikes
U.S. stock markets extended their gains following the Fed’s statement, and bond yields dropped. Continue reading
46% of Canadians $200 or less away from not being able to pay their bills
The number of Canadians who are $200 or less away from financial insolvency at month-end has jumped to 46 per cent, up from 40 per cent in the previous quarter, as interest rates rise. Continue reading
Personal finance tips to get your debt on track in 2019
If you are feeling guilty or stressed about all the money you spend this Christmas, personal finance expert Rubina Ahmed-Haq has tips for a “finance detox” in 2019. Continue reading
Canadians’ debt remains ‘really high,’ but improving thanks to tight mortgage rules: BoC
The Bank of Canada provided a closer look Wednesday at just how much stricter mortgage rules and higher interest rates have helped slow the entry of new households into the category of “deeply indebted borrowers.” Continue reading
PST, interest rates negatively impacting Saskatoon builds: report
The Saskatoon & Region Home Builders’ Association said PST on construction and interest rates are two factors affecting the new housing market. Continue reading
New rules limit location, number of payday loan companies in Kingston
By Bill Hutchins Anchor
The City of Kingston is taking steps to limit the number and location of payday loan businesses and to educate consumers about the potential downside of taking short-term, high interest loans. Continue reading
NAFTA uncertainty ‘front and centre’ in Bank of Canada decision to hold interest rate: official
Carolyn Wilkins acknowledged it’s difficult for the central bank to estimate the “highly uncertain” economic fallout from tit-for-tat tariffs between Canada and the U.S., and the resulting blow to business confidence. Continue reading
Kitchener-Waterloo home sales remain healthy in May
While the Kitchener-Waterloo real estate market remains strong, it is still lagging behind the historic 2017 market. Continue reading