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Contrary to all the hype about consumer debt levels, Canadians are paying off their debts, especially their mortgages, at a faster rate than the Bank of Canada estimates, CIBC economist Benjamin Tal says. Read entire story.
Source: CBC | Business News
Stay informed with free updates Simply sign up to the Turkey myFT Digest — delivered directly to your inbox. A US fighter jet has shot down a Turkish drone in north-eastern Syria in what the Pentagon described as a “regrettable incident” that comes at a time of increased tension between the Nato allies. Pat Ryder, […]
Both Xiaomi and its founder, Lei Jun, are big fans of Apple. The Chinese smartphone maker embraces Apple-like designs in its products and advertising, leading some to dub the company “the Apple of China.” And Lei cites Steve Jobs as an inspiration, saying that the 1984 book Fire in the Valley put him on the […]
Three major high street lenders, Barclays, HSBC, and TSB, have announced reductions in mortgage rates on more than 100 deals, offering welcome relief to borrowers who have faced rising rates in recent weeks. Barclays will implement significant cuts on Friday, reducing fixed rates on purchase and remortgage deals by up to 0.45 percentage points. Notably, […]