Reopening of borders may fuel a fresh round of Canadian real estate madness New arrivals may further stress Canada’s already tight housing markets Article content Just when you thought you could catch a break from pandemic-fuelled housing madness, experts are predicting the reopening of the U.S.-Canada border, and Canada’s commitment to boost immigration, could fuel [&hellip…
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Bank of Canada delivers verdict on economic recovery – Governor outlines extent of inflation risk Bank of Canada Governor Tiff Macklem said the economic recovery is on track despite disappointing output growth, but warned there’s a risk high inflation could prove more persistent than expected. Gross domestic product suffered a shock contraction in the second quarter, and data [&hellip…
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Canadian household debt exceeds $2.5 trillion However, the financial impact of the pandemic continues to decrease for households With household debt now totalling approximately $2.53 trillion per Statistics Canada data, 25% of consumers said that they expect to be unable to pay their current bills and loans in full, according to TransUnion. However, this is [&hellip…
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