The most disastrous effects of the COVID-19 pandemic on Canada have been moderated thanks to Canada’s fundamentally robust financial system and a comprehensive response by federal authorities, but multiple downside risks remain, the…
Tag: COVID-19
Survey: Canadians struggling to pay mortgages due to COVID-19
The economic impact of the COVID-19 pandemic has reduced the ability of low-income Canadians to pay their bills on time – including rent and mortgage payments. A survey commissioned by national charity…
CIBC: Housing market slowdown looming amid economic malaise
Optimism towards the Canadian housing sector’s prospects has been mounting, but the market should not count out the impact of the lingering economic lethargy brought about by COVID-19, according to Benjamin Tal, deputy…