Pinnacle Digest

Tag: Bank of Canada

Canada Braces for Higher Inflation as Prices Soar

Posted on by Pinnacle Digest
Canada flirts with highest inflation rate in generations

The foundation of Canada’s economy is based on a few key aspects, two of which are an abundance of natural resources, and an abundance of debt… In the name of the pandemic, governments worldwide are piling on debt at astonishing rates. However, no G20 country is doing it as fast as Canada (per capita). In […]

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Canadian Households Have the Worst Debt Levels in the G7

Posted on by Pinnacle Digest
household under water with debt

Fuelled by an increase in demand for mortgages and new car loans, Canadian consumer debt is surging again.  Via BNN Bloomberg, “In its latest quarterly report, Equifax found total consumer debt rose 3.8 per cent to $2.041 trillion in the third-quarter of 2020 compared to the same period last year.” As a result, Canada has […]

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