The central bank released its Financial Stability Report on Thursday, which evaluates the risks and stability within the Canadian financial system.“Over the past year, households, businesses, banks and other financial institutions have taken proactive steps to adjust to higher interest rates and to weather economic shocks,” said Bank of Canada Governor Tiff Macklem, during prepared remarks in Ottawa.
The rates of arrears on credit cards and car loans for household without a mortgage have returned to pre-pandemic levels, and continue to edge up. The insolvencies were widespread across industries, but mainly impacted the small business sector. Factors that led to this financial distress include higher borrowing costs, slower economic activity and the phasing out of federal and provincial pandemic support programs.
U.S. President Joe Biden said for the first time Wednesday he would halt shipments of American weapons to Israel, which he acknowledged have been used to kill civilians in Gaza, if Prime Minister Benjamin Netanyahu orders a major invasion of the city of Rafah.Armenia's prime minister visited Moscow and held talks Wednesday with Russian President Vladimir Putin amid spiralling tensions between the estranged allies.
Amid evidence of rising breast cancer rates among young women in Canada, one Toronto startup is offering a contactless and radiation-free device that can help doctors identify suspicious changes in breast tissue. The company, Linda Lifetech, says this can lead to earlier detection of breast cancer.
The Toronto Maple Leafs have fired head coach Sheldon Keefe. The team made the announcement Thursday after the Original Six franchise lost to the Boston Bruins in seven games in the first round of the Stanley Cup playoffs.
The provincial government says it plans to introduce regulatory changes that aim to “better safeguard” student information from being 'stolen or used inappropriately.' Conor Garland's snapshot with five-and-a-half minutes left in the third period capped a three-goal run in a five-minute span, lifting the Vancouver Canucks to a 5-4 win over the Edmonton Oilers in Game 1 of their second-round National Hockey League playoff series.Ontario Provincial Police are facing tough questions about their search for a missing Newfoundland trucker whose rig was found two weeks ago in Ontario, then sent back to Newfoundland, where his body was found Monday in the trailer.
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: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »