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The adjustment comes as the economic risk profile has changed considerably this year

Credit card

The impact of rate hikes could be more visible by this time next year

Concept of crisis with unstable statistic bars

Deteriorating economic, financial conditions could amplify financial sector stress

open for business sign

Many businesses struggling to repay debt accumulated during Covid-19, CFIB says

House bubble

Canada among economies most at risk from housing market weakness

risk management

Sharp drop in leveraged finance activity to reduce firms' cash cushions

tax owing

Clients who owe the CRA would be wise to pay even if they dispute the amount, experts say

Investment bear market concept, bear figure standing on financial report with red arrow pointing dow as price going down, low buy and high sell volume in stock or equity exchange market.

Debt underwriting down too, led by a plunge in high-yield offerings

  • By: Staff
  • September 30, 2022 September 30, 2022
  • 17:05

Both mortgage and non-mortgage debt grew at slower rates in July, StatsCan reported

House bubble

There was about $1.82 in credit market debt for every dollar of household disposable income