Canadian household debt relative to income down in Q1: StatsCan
There was $1.76 in credit market debt for every dollar of household disposable income in Q1
- By: Canadian Press
- June 13, 2024 July 10, 2024
- 10:05
There was $1.76 in credit market debt for every dollar of household disposable income in Q1
Bonds, foreign equities and infrastructure offset weakness in real estate
Officials say there's been “modest further progress” toward the 2% inflation target
About 24% of people surveyed said there are substantial problems or even private market failures
The longer the Fed keeps borrowing costs high, the more it risks weakening the economy too much
Bets are now leaning toward a first cut in September in the U.S.
Strength of U.S. economy will support global growth of 2.6% this year
Weakening economy and high interest rates push businesses to rein in hiring
Corporate and government borrowing hits highest level since pandemic
Hard-hit sectors likely to feel the brunt of a decline in cheap labour
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More buyers are expected to enter the market as borrowing costs begin to decrease
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Rate cuts on tap this year, although size and timing remain data driven
Markets expect the central bank to cut its key lending rate by one-quarter of a percentage point on Wednesday
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Beyond a small direct economic impact, more girls playing sports is a win
StatsCan said growth in the first quarter was powered by higher household spending