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Canadian credit card balances reached an all-time high of $107.4 billion in Q2 2023, indicating increasing financial stress due to inflation and rising interest rates, according to a report by Equifax...
By David Ljunggren OTTAWA (Reuters) - The Canadian government of Prime Minister Justin Trudeau, under pressure over a lack of affordable housing, on Wednesday told cities to do more and said those...
By David Ljunggren and Steve Scherer OTTAWA (Reuters) - Canada's economy added almost three times the number of jobs expected in August and wage growth accelerated, data showed on Friday, a sign of...
(Reuters) - Canada's economy gained a net 39,900 jobs in August, largely in full-time work, and the jobless rate held at 5.5%, Statistics Canada data showed on Friday. Employment in the goods...
TORONTO (Reuters) - The head of Canada's banking regulator said on Thursday its mortgage stress test was "imperfect" and "incomplete" as homeowners on a variable rate mortgages struggle to repay...
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem on Thursday said interest rates may not be high enough to bring inflation back down to target, sending a...
By Fergal Smith TORONTO (Reuters) - Analysts have cut their bullish near-term forecasts for the Canadian dollar as China's economy weakens and the gap between U.S. and Canadian bond yields grows, but...
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada (BoC) on Wednesday held its key overnight interest rate at 5%, noting that the economy had entered a period of weaker growth,...
The Bank of Canada held its key interest rate steady at five per cent on Wednesday, September 6, 2023, despite previous indications that it was open to further increases if necessary. The decision...
TORONTO (Reuters) - The Bank of Canada on Wednesday held its key overnight interest rate at 5%, noting the economy had entered a period of weaker growth, but said it could raise borrowing costs again...
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