Canadians Saw Their Net Worth Fall By Nearly $1 Trillion, Biggest Drop In History
Canadian households saw their net work drop by $1 trillion in Q2, the largest quarterly decline in history.
Canada’s Household Debt Ratio Is Climbing Once Again, Here’s Why It’s A Problem
Canadian household debt is climbing much faster than income, and that’s going to limit their ability to respond in a crisis.
This Week’s Top Stories: Canada’s Hard Landing, and The BoC Calls Real Estate Unsustainable
Top stories in Canadian real estate include a hard landing for the economy, and real estate’s unsustainable growth according to the BoC.
Canadian Employment Fell As Young Adults Bear Most Job Losses While Seniors Gain
Canadian employment fell once again in July, falling for a third consecutive month. The unemployment rate also jumped, but remains low.
Inflation Is Still Rising, Real Estate Was Unsustainable: Bank of Canada
Canadian real estate was unsustainable and inflation is still rising, warned the Bank of Canada in a statement following rate hikes.
Canada’s Money Supply Is Decelerating At A Rate That Typically Precedes A Recession
Canada’s M1+, a narrow measure of its money supply, is seeing growth fall at a rate that almost always precedes a recession.
This Week’s Top Stories: Canada’s Banks Turn Bearish On Real Estate As Prices Fall
This week’s top stories include two “Big Six” banks sharing a worsening outlook for Canadian real estate and Toronto prices plummeting.
Canada’s Economy Is Still 30% More Dependent On Real Estate Than The US In 2006
Canada’s economy was a little less dependent on real estate in the last quarter, but still nearly 30% more dependent than the US in 2006.
This Week’s Top Stories: Canadian Real Estate’s Bear Market Is Just Getting Started & Inflation Revisions
This week’s top stories include a “Big Six” bank warning Canada’s real estate correction is just getting started & big inflation revisions.
Canada’s Inflation Revisions Show Something Is “Really Wrong”: National Bank
Canadian core inflation, the BoC’s preferred measure, was revised twice in two months, supporting rate hikes months before they began.
