New report projects Canadian family food spending to rise $994, hitting $17,571 in 2026. Inflation (4%-6%) driven by meat shortages and climate change; trade eases.
New report projects Canadian family food spending to rise $994, hitting $17,571 in 2026. Inflation (4%-6%) driven by meat shortages and climate change; trade eases.
Equifax reports Canada's non-mortgage delinquency rate hit 1.63%, up 14% year-over-year. Total consumer debt is now $2.62T, with stress seen in younger households.
US job cuts reached 1.17M, up 54% from last year. Analysis of AI, tariffs, and restructuring driving the surge, contrasted with weekly jobless claims data.
PBO report: Liberal tax cut (lowest rate to 14%) will negatively impact <1% of Canadians (39,110 filers), increasing their average federal tax by $141-$155.
Following My Account delays, advisors call for the CRA to offer penalty relief for TFSA overcontributions. Excess TFSA taxes assessed hit $166.2M in 2024.
StatCan survey: Despite cost pressures, 66.3% of Canadian firms remain optimistic. 40% are likely to transfer tariff-related price increases to customers next year.
Canada's 2024 government spending rose 3.1% to $1.1T. StatsCan analysis shows social protection and health care accounted for nearly half of the total budget.
Banks trade at 13x P/E entering Q4 earnings. Analysts debate if high valuation reflects economic resilience or ignores underlying credit and GDP risks.
The SEC alleges Solomon Lichtenstein's Taraxa hedge fund was a $2.7M Ponzi scheme, misappropriating investor funds for personal use.