Central bank unlikely to raise interest rates for fear of hurting the economy

OTTAWA - Bank of Canada governor Mark Carney often talks about the danger of too much household debt — but he's unlikely to do anything about it when he has a chance this week.

No March Madness Repeat in 2012

The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 26.5 per cent to $3.8 billion in March compared to the same month last year. 

Report blames non-mortgage debt for consumer woes

A new report from Equifax is pointing a finger in the same direction as brokers, arguing non-mortgage debt as the real threat to consumer solvency.

Canada expects moderate growth in 2012: Flaherty

NEW YORK (Reuters) - Canadian Finance Minister Jim Flaherty said on Tuesday he expected Canada to post moderate growth this year, noting that the country's recovery remained fragile and Europe's sovereign debt crisis continued to pose risks to the global economy.

Canadians confused over real estate market

Despite highly-competitive interest rates, Canadians are backing away from the real estate market. And it's no wonder. Consumers are bombarded with contradictory economic reports about the fragility of the housing market in the U.S., the blistering-hot Canadian real estate bubble -- is it even a bubble? -- and varying interest rates that seem to change on a dime according to the whims of the big-six Canadian banks.