Report suggests there is no need for further rate hikes
Single-detached urban starts contributed to the increase
Those in the bottom half of earners saw their average income decline
More adjustment to come as previous rate hikes filter through the economy, Bank of Canada senior deputy governor says
Individual wealth management had net outflows of $427 million
The quarter also saw net outflows, lower AUM
The government is increasing certain tax credits and social benefits
Withdrawal of Covid-19 support, higher interest rates and softening consumer spending are challenges
Labour market is softening in the face of higher interest rates
Removal of competitor could raise already-elevated bank fees, report says