Economy

Moderate, short-lived recession expected next year: RBC report

The downturn may include a 10% drop in house prices

By The Canadian Press |July 7, 2022

2 min read

Fed: Sharply higher rates may be needed to quell inflation

An ‘even more restrictive stance could be appropriate’ if inflation persists, U.S. central bank officials warn

By Christopher Rugaber, The Associated Press |July 6, 2022

3 min read

‘Bleak’ outlook for household wealth: Desjardins

Air is coming out of asset values inflated by pandemic supports

By James Langton |July 6, 2022

3 min read

Residential mortgage debt grew by fastest pace since 2008: CMHC

Clients who recently bought with variable rate mortgages could face significant monthly bill hikes

By The Canadian Press |July 6, 2022

2 min read