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RBC reveals Q1 financial results

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Tag Archives: StatsCan

Statistics Canada reveals latest inflation rate

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by Jordan Press Canada’s headline inflation barometer rose 1% in January compared with the same month last year, accelerating from the end of 2020 and poised to go higher in the coming months. The consumer price index hasn’t been above the 1% threshold since one year ago this month, when inflation rose 2.2% compared to [&hellip…

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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 perspective, the level was 69.13% just a year ago, and 59.02% a decade prior. “That means during that period, mortgage debt grew over 40% faster [&hellip…

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