Canadian consumer debt reached a record $2.56 trillion by the end of 2024, with Ontario residents facing difficulties meeting payments, experiencing a 90.2% increase in mortgage delinquency rates. Despite high unemployment rates, Windsor area residents are faring better due to lower housing prices. However, Windsorites are accumulating non-mortgage debt on auto loans, credit cards, and lines of credit, showcasing a growing financial divide in the country.
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Carney to brief premiers on U.S. trade discussions as Trump deadline bears down
Prime Minister Mark Carney will update provincial and territorial premiers on U.S. trade negotiations amid looming tariffs as the Aug. 1 deadline approaches. Key topics include Quebec's demand for supply management protections, British Columbia's focus on softwood lumber, and the overall aim for minimal tariffs in any forthcoming agreement. Want More Context? 🔎
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