Ottawa intervenes in Canada Post strike, Bank of Canada delivers a cut and the 100 most livable cities: Business and investing stories for Dec. 15Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.
In other rate-relief news, data suggests that Canadians have managed their finances reasonably well despite heavy debt loads. Households paid $176.9-billion in interest in the third quarter, down 0.6 per cent from the second quarter, according to Statistics Canada. Jason Kirbythat most of the interest savings came in the form of lower non-mortgage interest payments, which are more sensitive to changes in the Bank of Canada’s policy interest rate.