Financial pressure likely to intensify as mortgages reprice in years ahead
The index fell from mid-2021 to mid-2022 as surging prices ate into household budgets
Economists expect spending to slow in the second half
At RBC, one-quarter of customers use points for mortgage, credit card payments
While more Canadians will fall behind on debt payments, recent report says most households will manage
New figures to be released this week could show signs of softening
Remaining excess savings unlikely to be spent, Fitch says
Inflation “too sticky,” BoA analyst says as new data show prices increased 4.4% year over year
Credit card performance deteriorating, insolvencies rising, as higher rates and inflation bite
Consumer prices rose by 0.4% from March to April, up by 4.9% from April 2022.