With the Bank of Canada raising the interest rate to 4.25 per cent, economist Robert Kavcic explains why these high rates could last all throughout […]
Continue readingTag: Canadian economy
Desjardins’ chief economist on interest rate hike: ‘This will bring some pain’
Jimmy Jean, vice-president and chief economist at Desjardins, says Canadians 'can't dance around the fact that there will be a recession.' Subscribe to CTV News […]
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Equifax Canada says total consumer debt rose to $2.32 trillion in Q2 of 2022
Equifax Canada's Rebecca Oakes explains what's behind the sudden rise in consumer debt and warns credit card use among Canadians is rising. Subscribe to CTV […]
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Recession fears? Canadians cutting spending, worried about debt levels | Financial planner reacts
Financial planner John Klotz breaks down a new survey showing that Canadians are struggling to keep up with the cost of living. Subscribe to CTV […]
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What tech company layoffs could mean for Canada’s economy
Colin Cieszynski of Sia Wealth Management discusses the layoffs at Shopify and how tech company layoffs could impact the Canadian economy. Subscribe to CTV News […]
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Mulcair: Soaring inflation becoming a ‘wicked problem’ for Justin Trudeau
Former NDP leader Tom Mulcair says that there's 'relatively little' that the federal government can do to slow inflation. Subscribe to CTV News to watch […]
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Could efforts to lower inflation trigger a recession in Canada? An economist weighs in
Centre for Policy Alternatives Senior Economist Sheila Block says increased interest rates could trigger a recession in the next six to eight months. Subscribe to […]
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Toronto homeowner says he ‘never expected’ mortgage payments to surge
New homeowner Youseff Shehata says he's had to cut down on his expenses after his interest rate payments spiked. Subscribe to CTV News to watch […]
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Thinking of buying real estate in Canada? Here’s what you need to know about the latest rate hikes
Financial expert Simeon Papailias discusses what anyone thinking about buying a home needs to know about the latest rate hikes. Subscribe to CTV News to […]
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