News/Business

Canadians took out almost $18 billion worth of new mortgage debt in April, the fastest monthly increase on record and enough to bring total housing debt to almost $2 trillion, according to Statistics Canada.

Canadians took out almost $18 billion worth of new mortgage debt in April, the fastest monthly increase on record and enough to bring total housing debt to almost $2 trillion, according to Statistics Canada.

Canada’s federal banking regulator will increase the domestic stability buffer for big banks to 2.5 per cent from one per cent later this year, as the COVID-19 pandemic continues to subside.

The business of owning and renting out homes has a long history in Canada and around the world. But in the current era of house envy, plans to corporatize single-family rentals have sparked a backlash.

The business of owning and renting out homes has a long history in Canada and around the world. But in the current era of house envy, plans to corporatize single-family rentals have sparked a backlash.

Officials insist inflation won’t last, and on Wednesday the U.S. Federal Reserve Board’s Jerome Powell hinted he’ll join the Bank of Canada’s Tiff Macklem in cutting back on stimulus. But unless wages catch up, rising prices continue to make most of us poorer.

Canada’s inflation rate increased to 3.6 per cent last month, the fastest pace in a decade, Statistics Canada says.

Canada’s inflation rate increased to 3.6 per cent last month, the fastest pace in a decade, Statistics Canada says.

Canada’s inflation rate increased to 3.6 per cent last month, the fastest pace in a decade, Statistics Canada says.

The U.S. Department of Transportation is seeking $25 million from Air Canada for what it calls “extreme delays” in refunding tickets to Americans who booked tickets on flights that the airline never flew.

The average selling price of a Canadian home was $688,000 last month, a figure that has risen by more than 38 per cent in the past year.

The average selling price of a Canadian home was $688,000 last month, a figure that has risen by more than 38 per cent in the past year.

This week marks the beginning of a key event for Canada’s telecom industry as up to 23 bidders compete for federal licences used in 5G wireless networks.

While the U.S. Federal Reserve continues to pour on stimulus in the form of low interest rates, a new Senate bill focuses economic development spending on beating China at its own game. For Canada to take advantage of the coming technological renaissance, it may need a clearer industrial policy of its own.

CBC’s Marketplace rounds up the consumer and health news you need from the week.