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Home > Roy Green Show > Sept 4: Dr. Eric Kam. Macroeconomics Prof. TMU, Bank of Canada and interest rates
Podcast: Roy Green Show
Episode:

Sept 4: Dr. Eric Kam. Macroeconomics Prof. TMU, Bank of Canada and interest rates

Category: News & Politics
Duration: 00:10:50
Publish Date: 2022-09-04 21:06:09
Description:

TD Bank: Canadian home prices to drop up to 25% by early next year. - Bank of Canada will likely increase interest rate again and by 50 basis points - Bank of Canada takes to Twitter to defend itself against charges it has been massively printing money: "you asked us if we took to printing cash to finance the federal government. We didn't." - Financial Consumer Agency of Canada reports that 25% of Canadian fall behind on monthly bills now, while 22% borrow from friends and family to stay afloat. 13% are falling behind on bills and credit commitments. 24% say household expenses are more than they earn each month. 35% say they're keeping up, but it's a struggle.

Guest: Dr. Eric Kam. Macroeconomics professor at Toronto Metropolitan University.

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