Economy

Canada’s debt-to-income ratio will stabilize: BoC’s Wilkins

For advisors serving clients with household debt problems, the Bank of Canada offered some reassuring news Monday. Speaking before a parliamentary committee, senior deputy governor Carolyn Wilkins said she expects the country’s high levels of household debt relative to disposable income to gradually start winding down. The central bank is seeing a slowdown in credit […]

By Staff, with files from The Canadian Press |April 24, 2018

3 min read

February wholesale numbers disappoint

Wholesale sales declined 0.8% to $62.8 billion in February, reports StatsCan. That’s the largest downward movement and the second monthly drop since September 2017, and was below consensus. Lower sales were recorded in four of seven subsectors, representing 64% of total wholesale sales. The miscellaneous and motor vehicle and parts subsectors contributed most to the […]

By Staff |April 23, 2018

1 min read

Big banks weigh in on inflation, bonds, rate hikes

May's rate announcement remains live, says one economist

By Staff |April 23, 2018

3 min read

Gas and air ticket prices help push Canada’s inflation rate to 2.3%

The country’s annual inflation rate continued creeping higher last month to hit 2.3%, Statistics Canada said Friday. The March figure shows the pace of inflation inched a little farther past the midpoint of the central bank’s ideal range of between 1 and 3%. By comparison, inflation was 2.2% in February and 1.7% in January. The […]

By Staff, with files from The Canadian Press |April 20, 2018

2 min read