More Canadians only making minimum payment on credit cards: TransUnion
The Canadian Press Mortgage Industry News May 28, 2024 By Ritika Dubey A new report suggests an increasing number of Canadians are seeing...
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CIMBC Team
3 min
OSFI says mortgage payment shock poses a key risk to Canada’s financial system
Steve Huebl Government and Regulation May 22, 2024 Canada’s banking regulator says high borrowing costs and a wave of expected renewals...
CIMBC Team
2 min
June rate cut still a “close call” despite lower inflation in April
Steve Huebl Bank of Canada May 21, 2024 Canada’s headline inflation rate continued to ease in April, leaving the door open to a Bank of...
CIMBC Team
2 min
2024 recession now expected to be “shallower and shorter,” says Oxford Economics
Steve Huebl Economics May 16, 2024 While Canada’s economy is still expected to enter a technical recession this year, Oxford Economics...
CIMBC Team
2 min
Canada jobs numbers spike, but April inflation may delay rate cut: economists
Brennan Doherty Economics May 10, 2024 Canada added 90,000 jobs to the national economy in April, according to the latest figures from...
CIMBC Team
2 min
April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report
The Canadian Press Real Estate May 10, 2024 The average asking rent for a home in Canada in April was up 9.3 per cent compared with a...
CIMBC Team
3 min
CMHC exceeds 2023 housing goals despite economic headwinds
Jared Lindzon Mortgage Industry News May 9, 2024 The Canada Mortgage and Housing Corporation (CMHC) surpassed its 2023 housing targets...
CIMBC Team
2 min
Canada’s latest GDP figures may prompt Bank of Canada summer rate cut: Economists
Brennan Doherty Bank of Canada April 30, 2024 Canada’s quarterly gross domestic product edged up 0.2% in February, according to...
CIMBC Team
2 min
Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey
The Canadian Press Interest Rates April 30, 2024 The majority of Canadians aspiring to buy a home say they will push their plans to next...
CIMBC Team
4 min
Economists rule out rate cut this week, but all eyes on BoC statement and forecasts
Steve Huebl Bank of Canada April 8, 2024 The Bank of Canada is widely expected to leave interest rates unchanged this week for the sixth...
CIMBC Team
4 min
Spring housing market surge unlikely as affordability, cost of living weigh on buyers
The Canadian Press Real Estate April 8, 2024 By Sammy Hudes After five straight holds of the Bank of Canada’s key interest rate that...
CIMBC Team
2 min
Canada’s unemployment rate surges in wake of strong population growth
Steve Huebl Economics April 5, 2024 Canada’s unemployment rate surged to 6.1% in March, driven largely by population gains outpacing job...
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