From outer space? Sask. farmers baffled after discovering strange wreckage in field
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
Equifax Canada says credit demand was high in the first quarter of the year while the mortgage market saw a significant slowdown.
The agency says in its latest consumer credit report that on average, consumers are spending 21.5 per cent more each month on their credit cards compared with pre-pandemic levels.
Equifax Canada's vice-president of advanced analytics Rebecca Oakes says in a statement that the first quarter normally brings a drop in non-mortgage debt as consumer spending slows after the holidays.
But this year, Oakes says credit card balances continued to increase for the first quarter.
Missed payments on non-mortgage debts also rose, with 175,000 more consumers missing payments on at least one product, up 18.8 per cent from a year earlier.
Oakes says the higher cost of living and the influx of new credit customers have driven credit card balances to rise by 14.5 per cent year-over-year.
Equifax says non-mortgage delinquency rates rose by the most in British Columbia and Ontario. And while at the end of 2022 delinquencies were more pronounced among non-mortgage holders, the first quarter of 2023 saw an increasing number of mortgage holders missing payments on non-mortgage debt.
"While interest rates and cost of living remain high, we expect to see more groups of consumers experiencing financial difficulties over the coming months," says Oakes.
The agency says new mortgage originations dropped 42 per cent in the first quarter compared with a year ago, the lowest volume since 2014. The average loan amount was down 13.9 per cent year-over-year but only 2.9 per cent from the previous quarter, which Equifax says suggests a potential end to the pricing correction in the housing market.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
The National Post is reporting that Rex Murphy, the pundit and columnist who hosted a national call-in radio show for decades, has died.
Another suspect is in custody in connection with the gold heist at Toronto Pearson International Airport last year, police say.
Careful attention to government statements and legislation is required to get a handle on the level of risk British Columbians’ information is under, as investigators probe multiple breaches under a continued barrage of attacks.
A southwestern Ontario woman has received an $8,400 bill from a hospital in Windsor, Ont., after she refused to put her mother in a nursing home she hated -- and she says she has no intention of paying it.
A Conservative government led by Pierre Poilievre would not legislate on, nor use the notwithstanding clause, on abortion, his office says, as anti-abortion protesters gather on Parliament Hill.
Hailey and Justin Bieber are going to be parents. The couple announced the news on Thursday on Instagram, both sharing a video that showcases Hailey Bieber's growing belly.
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
The Oscar-winning team behind the nearly US$6 billion blockbuster 'Lord of the Rings' and 'The Hobbit' trilogies is reuniting to produce two new films.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
The stakes have been set for a bet between Vancouver and Edmonton's mayors on who will win Round 2 of the Stanley Cup playoffs.
A grieving mother is hosting a helmet drive in the hopes of protecting children on Manitoba First Nations from a similar tragedy that killed her daughter.
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
A P.E.I. lighthouse and a New Brunswick river are being honoured in a Canada Post series.
An Ontario man says he paid more than $7,700 for a luxury villa he found on a popular travel website -- but the listing was fake.