Canadian households sent another sign they’re getting comfortable borrowing—the return of home equity loans. Statistics Canada (Stat Can) data shows the balance of home equity line of credit (HELOC) ...
Annual growth of consumer and mortgage debt owed by Canadian households, in percentage points. Source: Statistics Canada; Better Dwelling. Non-mortgage credit gained more ground as households racked ...
Canada’s economy is doing much better than previously believed, and that’s a problem. Statistics Canada made astronomical revisions to real GDP, adding the equivalent of an extra year of output over ...
The GoC made another one of its infamous negotiations with temporary residents. They announced a pullback after increasing the temporary resident population 150% since 2021 to 2.96 million people. The ...
Canadians are world-renowned for their addiction to real estate debt, so what gives? This is a definition problem, with the preference shifting to HELOC-like loans that are structured differently.
Canadian headline inflation made an aggressive push higher. The annual growth of CPI climbed 0.4 points to 2.0% in October, which is right back to where it was in August. The increase was driven by ...