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The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More

Following the Bank of Canada’s latest interest rate hike, experts say Canadian mortgage owners will feel the impact of higher borrowing costs, either in the form of ... 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

The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.

A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.

Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll

It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.

Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates.

Consumer spending is expected to slow as Canadians spend more on the interest on their debt.