Federal banking regulator keeps key mortgage stress test rate unchanged - BNN Bloomberg

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Canada's banking regulator is holding the interest rate used in a key stress test for uninsured mortgages steady.

Federal banking regulator keeps key mortgage stress test rate unchangedThe Daily Chase: U.S. Fed rate hike weighs on investor sentiment; TC restarts part of KeystoneDespite recession fears, tourist spending is expected to grow in 2023The Daily Chase: Awaiting U.S.

Fed rate decision; Rogers-Shaw final closing arguments'Pre-loved doesn't mean second-best': Young Canadians thrift holiday giftsPearson shares travel tips in effort to get ahead of busy holiday travel seasonThe Daily Chase: Macklem sticks to aggressive policy stance; Sam Bankman-Fried arrestedHome prices to drop 1% by Q4 2023: Royal LePage outlookBank of Canada's Macklem says raising rates too little is 'greater risk'Homes, resources drive sharpest drop in Canadian net...

 

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Canada consumer-debt payments higher now than when rates were 13% - BNN BloombergConsumer debt payments in Canada are significantly higher today than when interest rates were in the low teens in 1990, a sign of the economy’s “extreme level” of indebtedness, economist David Rosenberg said. Liberal encouraged people to stay home no work and govt will feed you, despite of lots of spending billions in benefits peoples stay indebtedness that’s shame people but this is just beginning just let the pass 2023
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