The effect of higher borrowing costs has been on full display in rate-sensitive sectors like real estate, but it has yet to fully weigh on consumer spending From m_zadikian
Canadian consumers will feel less wealthy as home prices continue to fall and higher debt payments take a bigger bite out of disposable income, RBC Economics says. THE CANADIAN PRESS/Tijana Martin
"Still, interest rates impact the economy with substantial lags – and often end up having unintended consequences." The Bank of Canada has paused its rate hikes for now, but the longer rates stay high, the more "pain to come," the report says. RBC also points out Canadians will feel less wealthy as home prices fall and higher debt payments eat into disposable income, leading them to rein in spending later this year.The type of economic landing Canada experiences will depend on how sticky inflation is and how much the central bank needs to ratchet up its fight to bring inflation down from here on in, the report says., but it's still roughly three times the Bank of Canada's target.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Edmunds Compares: 2023 Toyota Prius vs. 2023 Kia NiroCar experts compare the 2023 redesign of the Toyota Prius, which has become synonymous with hybrid cars the past 20 years, with the 2023 redesign of the Kia Niro.
Lire la suite »
RBC expects mild recession in middle of 2023 - BNN BloombergRoyal Bank of Canada economists are expecting a recession in the Canadian economy during the second and third quarters of the year, according to a report on Canada’s economic outlook that came out this week.
Lire la suite »
The Beauty Trends The Pros Are Obsessed With for Spring-Summer 2023 | Elle CanadaWith throwbacks to the early aughts, heavy glitter and touchstones from across the decades, the beauty trends this season are larger than life.
Lire la suite »
Best-in-class: Most affordable SUVs in Canada for 2023Best-in-class: Most affordable SUVs in Canada for 2023 — via drivingdotca ShoppingAdvice BestInClass AffordableVehicles
Lire la suite »
Best-in-class: Most affordable SUVs in Canada for 2023Best-in-class: Most affordable SUVs in Canada for 2023 — via drivingdotca ShoppingAdvice BestInClass AffordableVehicles
Lire la suite »
Best-in-class: Most affordable SUVs in Canada for 2023Best-in-class: Most affordable SUVs in Canada for 2023 — via drivingdotca ShoppingAdvice BestInClass AffordableVehicles
Lire la suite »