by Tribe Financial | Jan 5, 2024 | Blog, Economy
For many Canadians, 2023 was a tough year thanks to high inflation and interest rates, and we’re ready to put it far behind us with the hope of a brighter year ahead. The good news is that economists are suggesting borrowing costs may have already peaked. After three...
by Tribe Financial | Oct 20, 2023 | Blog, Economy
Results from a new Bank of Canada (BoC) survey show that Canadian consumers believe inflation is higher than it actually is, and they expect it to remain high despite data showing that it’s actually on the way down. The BoC released the results of its survey of...
by Tribe Financial | Aug 4, 2023 | Blog, Economy
During the red-hot Canadian real estate market spurred by the pandemic where bidding wars were pretty much expected, it was virtually impossible to get an Offer to Purchase accepted that contained important conditions to protect the buyer when making among the largest...
by Tribe Financial | Feb 17, 2023 | Blog, Economy
In its very first summary of deliberations released this month, the Bank of Canada (BoC) pointed to a tight labour market, strong GDP growth and the risk of inflation getting stuck above 2% as the rationale for raising its key rate by a quarter of a percentage point...
by Tribe Financial | Jan 20, 2023 | Blog, Economy, Homeownership
Canada’s banking regulator – The Office of the Superintendent of Financial Institutions (OSFI) – announced three new regulatory proposals in January that could further limit mortgage lending pending a consultation period. OSFI’s three proposals are focused on debt...
by Tribe Financial | Dec 2, 2022 | Blog, Economy, Finance
More than half of Canadians surveyed are concerned about their personal financial situation but they haven’t changed their subconscious spending habits, according to a new report – The Quiet Spend – by FP Canada. Most people are spending money subconsciously by...