Saskatchewan had biggest decline in consumer debt in Q1
The economic shutdown in March helped rein in consumer spending, Equifax says
- By: IE Staff
- June 16, 2020 June 16, 2020
- 13:19
The economic shutdown in March helped rein in consumer spending, Equifax says
GDP to fall 6.2% this year, predicts the bank
Curbing costs while finding growth is a critical challenge for firms
A record $49.2 billion flowed into the economy in April, driven by foreign investors adding Canadian debt
Pent-up demand was unleashed from April to May
Poor Canadians can't weather more than a couple of months of income disruption
Proposals to break down internal barriers would bolster markets and fund managers
Data reflect the effects of a full month of mostly shuttered production
The number of homes sold has been steadily rising since mid-April
Huge jump in credit loss provisions slashes Q2 earnings
Two experts explain their processes at the Responsible Investment Association's 2020 conference
The data show that household finances are hanging tough for the time being
In its semi-annual monetary policy report, the central bank pointed to "tremendous" hardship
Industrial prices for May more positive than gloomier StatsCan data for March and April
Economist predicts debt ratios “will likely hit fresh record highs”
Both international assets and liabilities plunged alongside equity markets
In past recessions, 45% of layoffs were permanent, with lingering consequences
More than $43 billion in payments have already been made
The spending decline was far worse than the 6.9% drop in March
Medium-term risks to inflation “remain firmly to the downside,” paper warns
Economic report says data encouraging
Net income was down sharply in Q1, largely before lockdowns
Sponsorship may evolve depending on how consumer behaviour changes