Evening Update: Bank of Canada warns high household debt, elevated home prices pose risks to economy

Canada would need to spend $75-billion more over half a decade to reach NATO defence spending target, report says

Canada has fallen so short of its NATO commitment to devote 2 per cent of annual economic output to military spending that it would cost $75-billion over the next half-decade to catch up, a new report by a parliamentary budget watchdog says. The North Atlantic Treaty Organization is a military alliance dedicated to the collective defence of its 30 members, including Canada. In 2006, NATO defence ministers agreed to commit a minimum of 2 per cent of their gross domestic product to defence spending to ensure the alliance’s readiness. In 2014, they renewed that commitment.over the next five years at the government’s level of military spending.

The cancellations were split between arrivals and departures, according to Cirium, the aviation data company that provided the numbers to The Globe and Mail. A rebound in demand for air travel has overwhelmed the government agencies that conduct security, customs and immigration checks at Pearson and other major Canadian airports. The aviation industry says its reduced work force is unable to manage the increase in passengers while still enforcing COVID-19 rules. Vaccine mandates for employees of federal agencies and airlines have also reduced staff numbers, the industry says, as some employees refused to be vaccinated.

Ya think 🤔

No sh*t Sherlock

Really! They just figured out that now?

the car was travelling at 3x the speed limit and hit the ice patch. the car spun around and flew into the trees cause of the crash is the driver getting sun in his eyes cdnpoli

Genius! Go figure

God these guys are geniuses. Get rid of them all

Idiots

Rise interest rate so home owners become bankrupt! That's the only solution they have to control inflation... interest rates do nothing to control inflation!

Also a risk to the economy JustinTrudeau and cafreeland

Thanks Trudeau

Duh.

They should b saying you know all that low interest debt we encourage u to accumulate we are now going to bankrupt u with higher interest rates to teach u a lesson

I guess the eBay to fix that is by increasing the amount of interest ppl are paying on that debt, that’ll help them pay that principle down

Fucking Duh!

Tiff 'Mr. Burns' Macklem should have said 'I pose a risk to the Canadian economy'

trudeu and his ilk facked canada to no end in sight, in fact, there truly may never be an economic recovery of this country, unless it is completely sold to foreign interests. Calculated sabotage and destruction of a country and a nation. Canada is gone, burned to the ground.

Bold take from Tiff!!

The only risk to our economy is the liberal government

and they will make damn sure that happens.

Now they figure it out! Two years too late!

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Typical mortgage payment could be 30% higher in 5 years, Bank of Canada warns | CBC NewsInflated house prices and high household debt levels are a major vulnerability to Canada's economy, the Bank of Canada warned in a report assessing the strength of the country's financial system on Thursday. You voted liberal. Now your paying the price. 🤣😂🤣😂🤣😂 Problem is so is everyone else BambinoJalapeno Bank of Canada caused this problem! Must be nice to be the problem and then make matters worse trying to fix the problem you created.
Source: CBCNews - 🏆 2. / 99 Read more »

Bank of Canada sounds alarm on economic risk of high household debt amid soaring inflationWith interest rates set to keep rising, the Bank of Canada is sounding the alarm on the risk record high house prices and an increasing number of households with high mortgage debt could have on the Canadian economy. so don't increase interest rates Where was the bank of Canada when the PM made them print an excess amount of money to place Canada in such a mess...They were all in and doing what they were told...NO BACK BONE... Soaring corporate greed Inflation is 8% but the price of everything it up 15-20% Where is the money going
Source: CTVNews - 🏆 1. / 99 Read more »

Bank of Canada says high household debt levels, elevated home prices pose top risks for economyCanada’s central bank says household vulnerabilities have worsened over the past year and could result in stress in the country’s financial system Now the Poilievre plan to battle inflation, in tandem with a contrite Bank of Canada is the only responsible way forward. Unfortunately, the Trudeau-Singh non-aggression pact keeps these playboy big spenders in charge wwhile Inflation runs up to 1970's levels The Bank of Canada bought billions of Trudeau-Freeland issue bonds in an artificial exercise that 'secured' the crazed spending of the federal government and kept interest rates near zero, defying basic financial tendencies when governments print money in Weimar Republic volume The bankofcanada and the JustinTrudeau Liberals created this mess.
Source: globeandmail - 🏆 5. / 92 Read more »

Bank of Canada says household debt and home prices key risks for financial systemThe Bank of Canada said vulnerabilities from high household debt and elevated housing prices have increased and pose key risks to the Canadian financial system. Yah think? Not billions sent to tax havens wage stagnation You don't say.
Source: CP24 - 🏆 30. / 67 Read more »

Higher inflation, global tensions complicating financial system risks: Bank of CanadaHigher interest rates, inflation, geopolitical tensions and high household indebtedness pose risks to Canada\u0027s financial system. Read more. Build Back Better is code for the economic collapse. 🧐🧐🧐 Spread love (empathy and compassion) instead of hate and discord and greed.
Source: nationalpost - 🏆 10. / 80 Read more »