Interest Rates
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Surging cost of living leading to ‘inflation isolation’ in B.C.: PollThe rising cost of living is having a negative effect on British Columbians' mental health and social connections, not just their pocketbooks, according to a new poll.EconomyNov 27
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Rising costs causing ‘inflation isolation’ among Canadians, poll findsAmidst the rising tide of inflation Canadians are not only facing financial stress, but the rising costs are also exerting a toll on their mental well-being.HealthNov 27
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Retail sales rose slightly in September. Here’s where consumers spent moreStatistics Canada says retail sales rose 0.6 per cent to $66.5 billion in September led by increases at motor vehicle and parts dealers.EconomyNov 24
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Short-term rental owners rethinking investment over rates, regulations: expertsFor a while, people listing cottages and condos for rent on Airbnb, Vrbo and other online marketplaces were making more money than they had in years.CanadaNov 9
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Toronto-area new condo sales remain near 20-year low: new reportRising interest rates and market uncertainty continued to impact the Greater Toronto Area new condo market in Q3-2023, according to a report from Urbanation.CanadaNov 1
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U.S. Fed leaves rates unchanged, but leaves door open to future hikesThe U.S. Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs.EconomyNov 1
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More Canadians struggling with car loans as debt load becomes ‘too much’In the Bank of Canada's Monetary Policy Report released Thursday, the bank said that delinquency rates for motor vehicle loans have surpassed pre-pandemic levels.CanadaOct 26
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Canadian lenders should set aside more capital as mortgage risks mount: regulatorCanada's nearly $2 trillion mortgage market has been shaken up by the central bank's interest rate hikes, with many home owners only able to make interest payments.EconomyOct 20
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Struggling Winnipeg skateboard shop overwhelmed by community supportSk8 Skates, a Winnipeg skateboard shop, says it's received an outpouring of support after posting about its business struggles two weeks ago.EconomyOct 17
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Calgary’s rental reality remains grim for many struggling rentersA new report on Canada's rental rate hikes point to growing increases and records in Calgary amid a hot housing market that has no signs of cooling down.MoneyOct 16
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