Home Economics: Canadians might get some grocery bill relief; RBC sees home prices falling 14% - BNN Bloomberg

Canada’s housing markets haven’t bottomed yet, according to RBC Assistant Chief Economist Robert Hogue, who said in a report this week he thinks

as the Bank of Canada increases the cost of borrowing. He thinks prices could fall about 14 per cent from the recent peak nationwide.The parent company of Sobeys said it’s seeing some encouraging signs that cost increases from food manufacturers have started to stabilize. Empire Co.

breaks down the results that found all age groups report their mental health is much better working from home, and 42 per cent of workers want to continue with their remote work schedule after the pandemic is over.There is a regulatory decision pending that could impact how credit card processing fees work.

explains what this adjustment could look like and how it could change the way Canadians pay their bills with credit cards.

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RBC sees 14% home price decline as homebuyers are 'feeling the heat' - BNN BloombergRoyal Bank of Canada is warning that Canadian homebuyers are feeling the heat from the rapid increase in interest rates. No they're not. They can easily tolerate another 3% overnight interest rate hikes by bankofcanada . Go for it Tiff. We've got your back. Is that not what the increase of interest rates supposed to do? Slow demand? Wonder exactly WHO the RBC is 'warning'? Buyers, sellers, and money lenders are already very well aware of what's going on!
Source: BNNBloomberg - 🏆 83. / 50 Read more »