Warning signs: Eight charts to watch as Canada flirts with recession

On several fronts, things are getting worse for the Canadian economy. Growth fades. The job market is giving up jobs. And inflation is very high. In contrast, a growing number of local banks expect Canada to slip into recession by next year. Mood worsened on Wednesday as the US Federal Reserve predicted that higher interest … Read more

Canadians are taking drastic steps to save on groceries as experts say soaring food prices will continue

Economists were even dismayed to see food price inflation rising at the fastest pace in more than 40 years in August, as new figures from Statistics Canada show that grocery prices continue to rise seemingly unabated. The new numbers have left many consumers concerned about how long this trend will last, and while there are … Read more

Food inflation at 41-year high: ‘People are hungry’

Food inflation at 41-year high: ‘People are hungry’ | the star “,” address “:” “,” fullWindow “:” fullBleed “,” fullBleed “,” showFullBleedOnMobile “,” headColor “:” “,” type “:” html5mobile “,” textColor “:” “,” mobileImageUrl “:” “,” bgColor “:” “,” imageUrl “:” “,” RegisterOnly “,” linkUrl “:” “,” aodaTitle “:””, “internalScroll”: false, “displayStyle”: “small-up”}, {“text”: “Anti-poverty … Read more

A couple in Toronto earns $235,000 a year. Is higher interest hurting them?

For May and Harold, both 27, the prospect of higher interest rates could mean a problem for variable rate mortgages. The couple took out a 30-year mortgage on a home they bought earlier this year in Etobicoke. “These recent hikes in interest rates have really affected our ability to spend and save,” Mi explains. “With … Read more

A couple in Toronto earns $235,000 a year. Is higher interest hurting them?

For May and Harold, both 27, the prospect of higher interest rates could mean a problem for variable rate mortgages. The couple took out a 30-year mortgage on a home they bought earlier this year in Etobicoke. “These recent hikes in interest rates have really affected our ability to spend and save,” Mi explains. “With … Read more

Canada’s high prices are getting entrenched, and a recession may be needed: Economists – National

The pressures behind leadership inflation In Canada, it is likely to peak in the last quarter of this year, economists told Reuters, although most see indications that the rapid rise in prices has become entrenched and warn of Recession Vortex may be required to avoid. Canadian August inflation data will be released on Tuesday, with … Read more

With interest rates on the rise, is it now time to secure a stable mortgage? Here’s what you need to know – Watani

The rise of the Bank of Canada interest rates We have some Variable Mortgage Owners think of the positive side to lock a fixed exchange rateAccording to experts who spoke to Global News. But they caution that the peace of mind that comes with a flat rate has trade-offs that homeowners should be aware of … Read more

When do home prices fall in Canada? RBC says spring – patriotic

A major Canadian bank calls for cooling the country housing market to hit a low point in the spring before fully adjusting to higher interest rates. Assistant Chief Economist RBC Robert Hogg He said in a report on Friday that home buyers are “on the defensive” because Bank of Canada Continue to raise interest rates. … Read more