8/3/2024 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More
7/24/2024 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle. ... More
7/14/2024 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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With interest rates and borrowing costs at elevated levels, it’s more important than ever to ensure your credit report is in good standing. ... More
5/29/2024 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More
5/29/2024 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More
3/14/2024 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head. ... More
2/6/2024 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them. ... More
1/25/2024 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. ... More
1/19/2024 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada. ... More
9/4/2023 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Higher living costs are pushing more and more Canadians into debt, according to a new report. ... More
6/28/2023 | Posted in Canada Living by Sam Cuda & Nancy Cuda
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Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and the ... More
6/27/2023 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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Economists weigh in on the possibilities for the central bank’s policy rate ... More
6/15/2023 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Canadians' mortgage borrowing has reached its lowest level since 2003, primarily due to the impact of higher interest rates, according to recent data released by Statistics ... More
6/14/2023 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest ... More
6/1/2023 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023. ... More
5/25/2023 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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The federal housing agency has revealed the latest industry trends ... More
4/21/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More
3/27/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms. ... More
3/17/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More
3/13/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the economic ... More
2/27/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More
1/28/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More
1/2/2020 | Posted in Canada Living by Sam Cuda & Nancy Cuda
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Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020. ... More
12/31/2019 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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TD economists says the cost of servicing debts should ease early in 2020 ... More
12/16/2019 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more. ... More
9/19/2019 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The average Canadian household was worth less in 2018 than in the previous year. ... More
9/14/2019 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row. ... More
8/20/2019 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More
7/10/2019 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More
6/6/2019 | Posted in GTA Real Estate by Sam Cuda & Nancy Cuda
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Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks. ... More
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