Tag: families

Canada Economy English Family Living Featured News Updates

Families can’t take it any more: debts also for grocery

TORONTO – More than half of Canadians can’t keep up with the cost of living and gets into debt to meet ordinary expenses: rent, food, gasoline. An alarming situation, to say the least, photographed by the Angus Reid Institute through a research conducted online from 8 to 10 August 2022 on a sample of 2,279 Canadian adults. (more…)

Canada Economy English Family Living Featured News Updates

Bank of Canada brings Canadian families to their knees

TORONTO – The Bank of Canada’s one percent interest rate hike on Wednesday took many by surprise (the institute had predicted a lower increase) and is likely to have a major financial impact for many Canadians. Also an economist, finally, says it. “It will have an immediate and rather dramatic effect on loan costs for many people,” Stephen Brown, a senior Canadian economist at Capital Economics, told CTV‘s “Your Morning” today, stating what everyone knows but few say openly: Canadian central bank interest rate hike raises mortgage and loan repayments: it’s so obvious.  (more…)


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