Canadian population growth at its lowest level since 2016
Latest data from Statistic Canada pointed to a slowdown in national population growth, which reached 38.01 million during the third quarter. This placed the annual increase at around 150,000 fewer people compared…
StatsCan: Mortgage debt to GDP ratio reaches new heights in Q2
The ratio of national mortgage debt to GDP has already exceeded 80%, according to Statistics Canada. During the second quarter, the volume of mortgage debt was equivalent to 84.28% of GDP. For…
OSB: National insolvency levels plunge to 23-year low
Amid sustained federal fiscal support during the COVID-19 pandemic, Canada’s insolvency incidence fell to the lowest level since 1997. In August, this reading fell by 2.4% monthly and 42% annually to end up…