Bank ups rates, CEOs on what's next, Canadian debt, Recession risk, More

Bank announces sharp rate increase

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08 September 2022

Top news Bank announces sharp rate increase The announcement followed the Bank of Canada's Sept. 7 outsized rate move How many Canadians are falling behind on their home payments? New study delves into the impact rising rates and the cost-of-living crisis are having CMPTV Power Panel: Specialized Lending Update Top lending execs give their view on trends in the space Equitable Bank & Community Trust Bank CEOs hopeful over soft landing They are not too concerned about increases Canada's recession risk running too high, says Desjardins economist Rate jumps point to the bank's awareness of the need to pull inflation back to sub-3% levels Province outlines inflation tackling plans It offers $600 million Specialized lending in an outsized-rate-increase environment "In many ways, these are unprecedented times for Canadians and borrowers" Equifax reports two-year high in consumer insolvency levels However, many households were kept afloat by financial relief programs over the past two years International news RICS reveals slump in residential activity How does this impact house prices? Are we on the verge of a construction downturn? While debate rages on potential recession, building industry braces for slump Big pay rises for banking giant's staff Major bank also offering extra leave Property market turning in buyers' favour Buyer's agent explains why

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