Author Archives: Krystal Wheeler

Millennials are no different from their baby boomer parents — they’re just poorer

Millennials are no different from their baby boomer parents — they’re just poorer

Millennials have less money to spend but they’re still spending on the same things as other generations.Files In the court of public opinion, millennials are the most infamous serial killers. American cheese. Credit cards. Taxis. The Thanksgiving turkey. Even divorce. This generation’s cultural killing spree has left few corners untouched. Now there’s evidence for an

Does rent control stifle construction? Until there’s more data, the jury’s still out

Rental vacancy rates have barely budged from levels of less than 2 per cent and rents have continued to rise after Ontario brought in rent controls in 2017.Postmedia News Ontario has done yet another somersault on rent control regulations. Premier Doug Ford’s government recently reversed the stringent rent control regulations that were enforced last year

Canadians’ household debt burden creeps higher

Total credit market borrowing, however, slowed for the third consecutive quarter.Canadian Press OTTAWA — The amount Canadians owe relative to their income ticked higher in third quarter. Statistics Canada says household credit market debt as a proportion of disposable income was 177.5 per cent in the third quarter on a seasonally-adjusted basis. That compared with

Goldman says rich people will drag down the U.S. economy this year

The share of personal consumption expenditures spent on jewelry is "highly correlated with moves in the stock market," Goldman Sachs economist wrote in a Jan. 15 report.Victor J. Blue/Bloomberg files The stock-market sell-off is going to be a significant drag on the U.S. economy this year as wealthy households feel its impact, according to Goldman