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The Bank of Canada held its benchmark interest rate at 2.75% on Wednesday and unveiled two diverging scenarios for the economy, reflecting the unprecedented uncertainty ... More

A recent study on Statistics Canada data shines light on trend

Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.

Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to ... More

Higher living costs are pushing more and more Canadians into debt, according to a new report.

Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and ... More

Stable interest rates and a continued cooling in home prices helped give housing affordability in Canada its biggest jump in almost four years in the first quarter of 2023, ... More

Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more.

Contribution room accumulates beginning in the year in which a person turns 18

The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%.

The average Canadian household was worth less in 2018 than in the previous year.