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Equifax Canada reports that Canadian households added $80 billion of additional consumer debt over the past year, making the total outstanding an eye-watering $2.4 trillion. Well beyond paycheck to paycheck, many are living credit card to credit card. Money owed … Continue reading →

This morning, weaker-than-expected US job creation in November adds to the growing list of negative economic surprises globally and reinforces the expectation that the Bank of Canada today and the US Fed next Wednesday will make no rate changes for … Continue reading →

After 475 basis points (bps) of rate hikes between March 2022 and July 2023, Canada’s economy has ground to a halt, with economic activity contracting at a 1.1% annualized rate in the third quarter. Per capita, Canadian GDP has contracted … Continue reading →