Canada’s Residential Investment As A Percent of GDP Is Dropping, But Still Elevated

Canadians are still real estate fanatics, but the peak was so high, today’s levels seem normal. Statistics Canada (Stat Can) data shows investment in residential structures increased in Q3. When compared as a percentage of GDP however, residential investment is down from the peak. Although it’s still way above usual. Residential Investment Residential investment (a.k.a. […]

This Week’s Top Stories: Canadian Households Pay A New Record Amount of Interest, and Hot Inflation Makes Lower Rates Unlikely

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Credit Card Debt Tops $79 Billion, Interest Rates Hit A Multi-Year High Canadians are racking up quite the bill on their high interest rate credit cards. The outstanding balance of credit card debt reached $79.17 billion in September, up 4.07% […]