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canadian money house on white background

Mortgage borrowing jumps amid low rates, tougher rules

Canadian money

Canada's poorest households saw increases in their income, net worth

small business owner during the pandemic

Finance, insurance, real estate and leasing businesses were least likely to have taken on debt

debt

Overall consumer debt now stands at $2.15 trillion

  • By: Staff
  • August 31, 2021 August 31, 2021
  • 14:29
Illustration and Painting

The drop in the deficit came as spending dropped compared with a year ago

debt

Mortgage debt, however, rose by a record $99.6 billion

Planning, risk and strategy in business, businessman gambling placing wooden block on a tower

A potential wave of business insolvencies could impact banks and impede recovery, research suggests

Close up of mouse trap on old wooden table

Higher borrowing, overheated housing markets are vulnerabilities

canadian money house on white background

Strong mortgage borrowing drives liabilities to over $2.5 trillion in May

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Portfolio flows turned positive in May as foreign debt purchases outweighed Canadian investors' appetite for U.S. stocks