The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) introduced the Paycheck Protection Program (PPP) to provide economic relief to small businesses adversely impacted by the COVID-19 crisis. The... read more →
Nonfinancial corporate debt to GDP has reached its highest post-war level as per first chart below. Although corporate leverage is expected to rise in expansionary years, its elevated level tends... read more →
Debt-to-disposable income ratio has been moderating due to regulatory changes in mortgage lending and tightening of monetary conditions that have slowed down debt growth. Source: Statistics Canada Canada home sales... read more →