A potential wave of business insolvencies could impact banks and impede recovery, research suggests
Higher borrowing, overheated housing markets are vulnerabilities
Strong mortgage borrowing drives liabilities to over $2.5 trillion in May
Portfolio flows turned positive in May as foreign debt purchases outweighed Canadian investors' appetite for U.S. stocks
RBC Capital Markets was Canada's top underwriter, both in equities and debt
The household debt service ratio also fell while the household savings rate rose
The unprecedented figure was caused by an equally unprecedented economic shock
The PBO estimate that budget deficits over the next five years will be $117.1 billion more than pre-budget forecasts
In its latest report, the central bank raised concerns about Canada's heated housing market
The increase reflected a return to pre-pandemic levels after a year of record lows