Households to curtail spending amid softer labour markets, easing wage growth
If high rates persist, fraudulent activity could accelerate
Outstanding mortgage and credit card balances rise
Total household debt reached $2.3 trillion in Q2, up 4.2% from last year
HELOC balances decline, cooling credit card and mortgage growth
StatsCan finds fraud to be widespread, rarely reported to police
Annual mortgage debt growth slowest since 2011, StatsCan says
Poorer households hit harder by economic and financial conditions
At RBC, one-quarter of customers use points for mortgage, credit card payments
Credit card balances rise as mortgage growth slows