The International Monetary Fund is downgrading its forecast for the Canadian economy, as it notes the collapsing commodity prices that slowed the global economy in the past year could remain a threat in 2016.
Nearly one in six Canadians would not be able to handle a $500 increase in their monthly mortgage payments, a new survey from the Bank of Montreal suggests.
Canadian stocks rose a third day on Tuesday extending a two-week high, as commodities producers advanced with the price of metals from copper to gold.
Weakening global demand and the surge in the dollar are taking an increasingly heavy toll on the US economy, casting further doubt over the outlook for US monetary policy.
Toronto is second only to Calgary when it comes to the size of gap between the richest one per cent of residents and the rest of residents, according to a newly released report.