Young Canadians Earn Less Than 50 Years Ago as Youth Income Falls 24% | AiF News Bites
Young Canadians are falling behind as real income for ages 15 to 24 has declined 24% since 1976, with their income peak dating all the way back to 1977.
Young Canadians are falling behind as real income for ages 15 to 24 has declined 24% since 1976, with their income peak dating all the way back to 1977.
Canada recorded 13,254 insolvency filings in June, up 11.5% year over year, with overall filings now hovering near levels rarely seen since the 2009 financial crisis.
A Rates.ca survey found 82% of Canadians who renewed their mortgages this year faced higher borrowing costs, with nearly half now spending at least half their household budget on mortgage payments.
York Region home prices fell 7.1% year over year in July 2026, while a North York luxury home sold for $1.11 million less than its 2017 price.
Canada is building more homes, but only about 45% of new housing starts are now intended for ownership as developers increasingly shift toward rentals.
Canada’s job market is changing as young graduates struggle to find work and experienced tech workers face major salary cuts, while AI and outsourcing reshape employment.
A national sovereign wealth fund, $25 billion in seed capital, strategic industries, retail participation, and principal protection. It sounds attractive, but investors should first ask: what will it invest in, who will manage it, and who will bear the risk?
Palantir shares jumped 20% after reporting strong second-quarter earnings, driven by surging enterprise demand for AI sovereignty and secure data integration.
Canada’s housing construction boom is cooling, but the bigger change is structural: more new homes are being built for renters, not for owner-occupiers. BMO says Canada is seeing a housing-market shift it has never seen before.
Global AI spending is accelerating across chips, data centres, cloud computing, power, software, model training, and enterprise applications. AI is becoming economic infrastructure, but investors still need to separate technological value from stock prices, profitability, cash flow, debt, and valuation risk.