💳Canadians fall deeper into debt 🛢️Tamarack to buy Deltastream for $1.43B 💵U.S. dollar falls from record highs Here’s what you need to know today:
its slide from record highs against a basket of global currencies, and the ripple effect is being seen across markets. Most major commodities are rising, U.S. futures are suggesting there will be gains at 9:30 a.m. EDT, and the Canadian dollar — which was languishing near a two-year low around this time last week — is now into a fourth straight day of gains, and has rallied almost a full cent against the USD over that span. How do we explain this when the U.S.
Fresh data from Statistics Canada show the closely watched credit market debt to disposable income ratio rose to a seasonally adjusted 181.66 in the second quarter from 179.71 in the prior quarter. That means households, on average, owed almost $1.82 for every dollar of disposable income. The near-record borrowing activity included $48.7 billion in mortgages during the quarter, according to StatsCan.
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