Canada consumer-debt payments higher now than when rates were 13% - BNN Bloomberg

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Canada consumer-debt payments higher now than when rates were 13% - BNN Bloomberg
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Consumer 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.

Despite 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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