Economy
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debt

U.S. household debt jumps past $16 trillion, with $2 trillion added since the end of 2019

Since the end of 2019, just prior to the pandemic, household debt has risen by nearly $2 trillion passing $16 trillion in the second quarter of 2022.
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inflation

Former White House economic adviser Steve Moore says Biden’s inflation policies are making inequality worse, calls it “economic malpractice”

On a recent podcast with John Solomon, Former White House economic adviser Steve Moore called Biden’s handling of inflation and proposed spending “economic malpractice”.
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canada

Canada’s inflation keeps climbing, reaching a 39-year high of 8.1% in June

Canada’s rate of inflation soared in June 2022, to a four-decade high of 8.1%, Statistics Canada reported.
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canada

Canada’s per-person federal debt has grown by 35.3% under Trudeau’s government

A recent study from the Fraser Institute has found that under Justin Trudeau’s tenure as Prime Minister of Canada, the federal per-person debt rose by 35.3% between 2015 and 2022.
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canada

Almost half of Canadian renters believe they will remain renters, being unable to enter the housing market due to unaffordability: survey finds

In a survey from Canada Life, 45 percent of renters said that they will either “continue renting indefinitely or aren’t sure when they will buy” due to affordability and cash flow concerns.
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canada

Royal Bank of Canada warns home buyers are facing the “least affordable” housing market in a generation, anticipates property values to fall “more than 10% in the coming year”

In the Royal Bank of Canada’s most recent Canadian Housing Report, they said that Canadian home buyers face the least affordable market in a generation due to “sky-high prices and rising interest rates”.
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housing market

U.S. housing affordability is at its lowest point since 2006

May 2022 was the most expensive month since 2006 to buy a home due to record home prices and increasing mortgage rates.
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gas prices

Biden says high gas prices will persist ‘as long as it takes’ for a Ukraine victory

During the NATO Summit in Madrid, U.S. President Joe Biden was asked by a New York Times reporter how long would Americans be expected to pay a premium pump price due to the war.
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housing market

US mortgage rates hit 2008 levels, the highest in nearly 15 years

Mortgage rates in the U.S. are reaching their highest levels in nearly 15 years, hitting 2008 levels.
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JOE BIDEN

57% of Americans view Biden’s handling of the economy as “poor”

In a recent poll from Rasmussen Reports, 57% of those surveyed said they view Joe Biden’s handling of the economy as “poor”.
canada

Poll: Nearly 9 in 10 Canadians are tightening household budgets in the face of rising inflation

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Poll: Nearly 9 in 10 Canadians are tightening household budgets in the face of rising inflation

Florida

WATCH: Hurrican Ian is underway across Florida with flash flooding

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WATCH: Hurrican Ian is underway across Florida with flash flooding

canada

Environment Minister says oil and gas companies should invest profits to show their commitment to climate action, otherwise a windfall tax could be imposed

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Environment Minister says oil and gas companies should invest profits to show their commitment to climate action, otherwise a windfall tax could be imposed

poilievre

WATCH: Poilievre faces off against Trudeau for the first time as Conservative leader

image

WATCH: Poilievre faces off against Trudeau for the first time as Conservative leader

recession

FedEx CEO warns of an impending “worldwide recession”

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FedEx CEO warns of an impending “worldwide recession”

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