The country's national housing agency announced last week that it was increasing qualifying credit score for mortgage insurance and limiting gross and total debt servicing ratios in order to shore up vulnerabilities in the housing market.Transat AT holds a conference call to discuss its second-quarter financial results on Thursday.
The clothing company is one of several brands that has seen a spike in sales for "work leisure" clothing amid the COVID-19 pandemic.Statistics Canada is set to release its national balance sheet and financial flow accounts, which include the household-debt-to-income ratio, for the first quarter of 2020 on Friday. The report for the fourth quarter showed that household debt as a percentage of disposable income edged lower, with Canadian households owing an average of $1.
housing market will crash.