
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
During the second quarter Canadian consumers dared to take on more consumer debt. Average mortgage loan balances grew too. However, delinquency rates went down, as a key credit report provider informed on Tuesday.
Years of very low interest rates since the financial downtime spurred a borrowing binge and also assisted to drive Canadian household debt to record maximums for the last time, powering a housing boom, which has recently started faltering.
As for non-mortgage debt balances, they hit C$22,154 in the quarter, soaring 2.7% from 2016. In addition to this, serious delinquency rates, incorporating repayments more than two months overdue, went down by about 8 basis points reaching 2.65%.
In 2016 average mortgage loan balances inched up by 4.8% hitting C$198,781, while serious delinquency rates for mortgages sank by 4 basis points tumbling to 0.56% - that’s the third consecutive quarter of sagging delinquency.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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