It’s almost a damned-if-you-do, damned-if-you don’t scenario that the Bank of Canada is shining a light on in Wednesday’s rate decision and Monetary Policy Report.
With just two days to go until the Bank of Canada’s next rate decision, a new survey is painting a dire picture of household finances in this country. Meanwhile, the S&P/TSX composite index has strung together five straight days of gains and notched record closes in each of those sessions.
The latest MNP Consumer Debt Index published Monday shows 50 per cent of respondents said they're within $200 of not being able to cover their monthly bills, and nearly an equal proportion of participants in the survey (49 per cent) said they aren't confident in their ability to cover expenses without going deeper into debt.
A new study from the Canadian Payroll Association and the Western-Laurier Financial Data Analytics Laboratory, found that financial wellness is a result of so much more than the size of your paycheque.
The world’s richest 1 per cent have more than twice the wealth of the rest of humanity combined, according to Oxfam, which called on governments to adopt “inequality-busting policies.”
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