BREAKING BMO online service outages reported by customers
Dozens of Bank of Montreal customers said they faced website outages early Wednesday morning, according to reports.
Nearly half, or 45 per cent, of Canadians say rising prices are 鈥済reatly impacting鈥 their ability to meet day-to-day expenses, which is 12 percentage points higher than two years ago, according to a study.
The feeling was most prevalent among young adults, who were more likely to report daily financial stresses and expectations to obtain food from a food bank. Among those who said they were stressed about money 鈥渕ost days,鈥 just one in five people reported a high level of life satisfaction.
The study, which compiled responses from Canadians gathered in the spring, was published on Thursday.
Children were also an indicator of greater financial stress. Fifty-five per cent of households with kids reported day-to-day pressure, compared to 37 per cent of lone-occupant houses.
Housing affordability was also a common thread among respondents, many of whom reported elevated fears they would not make enough to buy a home or afford rent.
About four in 10 people said they were "very concerned" about being able to purchase a house or pay rent monthly. In 2022, three in 10 people felt that way.
StatCan says prolonged feelings of financial instability can result in widespread mental health impacts. One in three people described "most days" as "a bit" or "extremely" stressful because of money issues. That figure remained unchanged from two years ago.
Canadians are generally carrying more debt, according to published Thursday.
During COVID-19 lockdowns, many were able to build their savings and cut down on debt as businesses deemed non-essential closed and officials limited travel.
But high inflation, among other factors, has eaten through that reserve, and Canadians' debt has increased since 2022.
Non-mortgage loans have reached $553.1 billion in the third quarter of 2023, up 13.7 per cent from the first quarter of 2020.
Passenger vehicle loans saw serious increases as demand for vehicles continued despite pandemic-era manufacturing woes. rose 16.3 from the start of 2020 to the third quarter of 2023.
Passenger vehicle and credit card loans saw the highest rates of arrears, at around 0.6 and 0.9 per cent respectively by the end of Q3 2023, meaning a person was late to provide debt payments by 90 days or more.
As for mortgage loans, arrears were still below pre-pandemic levels. However, StatCan says many households have yet to renew their mortgages.
"Around 2.2 million mortgages, or 45 per cent of all outstanding mortgages in Canada (over $675 billion), will face an interest rate shock in 2024 and 2025," predicted the agency, citing data from the Canadian Mortgage and Housing Corporation.
Dozens of Bank of Montreal customers said they faced website outages early Wednesday morning, according to reports.
In part two of a four-part investigation into the seedy underbelly of the lucrative clothing donation bin industry, CTV W5 uses trackers tp reveal a for-profit operation masquerading as a charity.
The XEC strain, a hybrid of Omicron subvariants KS.1.1 and KP.3.3, was first detected in Canada in mid-August and the number of COVID-19 cases with the XEC variant has rapidly increased.
Gisele Pelicot, the 72-year-old victim of mass rape whose ordeal has shocked the world, told a trial in southern France on Wednesday that she was determined that making her case public should help other women and change society.
Police have confirmed the body of an employee who died at a Walmart in Halifax over the weekend was found in a walk-in oven.
A father and his two children who suffered severe burns in a Springfield, Ont. house fire have undergone surgery.
The Bank of Canada is set to make its latest interest rate decision this morning.
The U.S. government fined American Airlines $50 million for failing to provide wheelchair assistance to passengers with disabilities and damaging thousands of wheelchairs over a five-year period.
Residents of Ottawa's Rideauview neighbourhood say an aggressive wild turkey has become a problem.
A man who lost his life while trying to rescue people from floodwaters, and a 13-year-old boy who saved his family from a dog attack, are among the Nova Scotians who received a medal for bravery Tuesday.
A newly minted Winnipegger is hoping a world record attempt will help bring awareness for the need for more pump track facilities in the city.
A Springfield, Ont. man is being hailed a 'hero' after running into his burning home to save his two infant children.
Hortense Anglin was the oldest graduate to make her way across the platform at York University's Fall Convocation ceremony this week. At the age of 87, she graduated with an Honours degree in Religious Studies.
Looking for a scare with good intentions this Halloween season? The ghosts and ghouls of Eganville, Ont. invite families to tour the Haunted Walk at Lekbor Manor.
The image of a sleepy Saskatchewan small town with 'not a lot going on' is a well-known anecdote. However, one Saskatchewan company is hoping to change that 鈥 and allow communities both on and off the beaten path to share their stories and advertise what they have to offer.
A Moncton, N.B., home has been donated to the Friends of The Moncton Hospital Foundation and will be transformed into a resource hub for people living with cancer.
A Nova Scotia man crossing Canada on foot is passing through southwestern Ontario. Trevor Redmond is perhaps better known as the 鈥楩ellow in Yellow.鈥