Ottawa pizzeria places among top 20 deep-dish pizzas in the world at international competition
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
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.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
This Mother's Day Weekend, take a look at some of the most emotional movies inspired by moms.
Police are searching for a suspect in a homicide investigation after a man was slashed in downtown Toronto on Sunday.
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
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.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
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.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.
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.