Household debt growth slows in Q1
Higher interest rates appear to have slowed household borrowings
- By: James Langton
- July 6, 2018 June 20, 2019
- 14:15
Higher interest rates appear to have slowed household borrowings
Unemployment rate rises to 6%
Loonie up, oil down
Low interest rates and a sudden snapback could impact the health of banks, insurers and pension funds, and threaten financial stability
U.S. markets closed for July 4
U.S. markets will be closed on Wednesday
The Greater Toronto Area saw affordability improve slightly as a dip in home prices counteracted higher interest rates
Prospects for continued global growth are looking a bit gloomier
U.S. markets will close early on Tuesday ahead of the Independence Day holiday
Loonie climbs against US$ on stronger-than-expected GDP data
Although the indicator increased to its highest level since 2011, the surveys were completed before the U.S. tariffs on steel and aluminum were announced
Gains in the manufacturing and utilities sectors more than offset declines in construction and in mining, quarrying, and oil and gas extraction
Gains in health-care, consumer staples and IT weren’t enough to counter losses in financials and materials
Former Scotiabank executive Stephanie Bowman is among the five new directors appointed to the board
A rebound in the energy sector, driven by improved oil prices, spearheaded the recovery.
Latest CRA study finds government could be losing up to 2.2% of individual tax revenue through offshore tax evasion
Lacklustre 2% expansion for first quarter is the poorest showing in a year, but economists expect a rebound
U.S. markets were also weak amid trade tensions
There are other factors complicating the interest-rate outlook since the central bank last raised interest rates on May 30
Senate committee suggests the federal government should do more to ensure people who qualify for benefits receive them
But a new report suggests strong growth conditions supporting deal activity for the rest of the year
Revised guidance points to the importance of exchanges ensuring that companies are providing investors with information to help them make investing decisions
Oil price surges by US$2.45 to US$70.53 a barrel
The new members will build on the research the subcommittee has conducted during the past two years