Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.
At the same time, higher interest rates have driven mortgage costs up for 10 months straight, reigniting inflation last month. in April were up 28.5 per cent from a year earlier, Statistics Canada’s latest reading of the consumer price index said on May 16. That helped push headline inflation up for the first time since June 2022.Bank of Canada
on May 18 said it was more worried about people’s ability to handle rising debt, which is being fuelled by higher mortgage payments. “Some signs of financial stress — particularly among recent homebuyers — are beginning to appear,” the central bank said in its latest Financial System Review.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »