BoC’s Macklem outlines the bank’s inflation strategy Bank of Canada Governor Tiff Macklem said that the central bank will act to curb inflation if current price pressures remain and begin to appear more permanent in the near future. Macklem said last week that the central bank is expecting elevated prices to be a temporary state [&hellip…
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Fears rise that Canadian home buyers are in over their heads following the fastest monthly increase in housing loans on record Canadians are piling on mortgage debt at a record pace. On Friday, Ottawa reported the fastest monthly increase of housing loans on record as Canadians took out almost $18 billion worth of new mortgages, [&hellip…
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A dramatic increase in mortgage borrowing saw consumer debt loads surge in the first quarter of the year, with Canada’s consumer debt hitting nearly $2.1 trillion despite decreasing credit card use. A new Equifax report revealed that new mortgage borrowing rose by 41% in the first quarter of 2021 compared to the same period last [&hellip…
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