As the Paycheck Protection Program Flexibility Act has just been signed and the loan forgiveness process of the program is about to start, the ADP national employment report for May... read more →
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) introduced the Paycheck Protection Program (PPP) to provide economic relief to small businesses adversely impacted by the COVID-19 crisis. The... read more →
Nonfinancial corporate debt to GDP has reached its highest post-war level as per first chart below. Although corporate leverage is expected to rise in expansionary years, its elevated level tends... read more →
Debt-to-disposable income ratio has been moderating due to regulatory changes in mortgage lending and tightening of monetary conditions that have slowed down debt growth. Source: Statistics Canada Canada home sales... read more →