Canadian banks and regulators should take a hard look at mortgages that have allowed some households to run up large amounts of long-term debt as interest rates went up, the Bank of Canada’s no. 2 official said.
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Bank of Canada’s Rogers Urges Shift by Banks on Mortgage LendingCanadian banks and regulators should take a hard look at mortgages that have allowed some households to run up large amounts of long-term debt as interest rates went up, the Bank of Canada’s no. 2 official said.
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Canada’s jobless rate rises to 5.7%, fuelling bets Bank of Canada rate hikes are doneOTTAWA — Canada’s unemployment rate rose to 5.7 per cent last month as job opportunities became less plentiful in an economy weighed down by high interest rates.
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Michelin-starred eatery tops Air Canada’s 2023 list of best new Canadian restaurantsLed by chef Takeshi Sato, the Japanese restaurant features a tasting menu that is prepared entirely in front of guests
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Canada condemns Chinese conduct after fighter jet launches flares in front of Canadian aircraftIt was one of two incidents Sunday where Chinese fighter planes flew dangerously close to intercept Canadian helicopters
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Politics Briefing: Freeland to get estimate of what Alberta would be owed if it proceeds to withdraw from the CPPAlso: Canada condemns Chinese conduct over fighter jet launching flares in front of Canadian aircraft
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Bank of Canada held interest rate partly due to upcoming mortgage renewals: MacklemMacklem appeared before a Senate committee following the Bank of Canada's most recent interest rate decision and monetary policy report.
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