Jeremy Kronick

While National Newswatch does not keep an archive of external articles for longer than 6 months, we do keep all articles written by contributors who post directly to our site. Here you will find all of the contributed and linked external articles from Jeremy Kronick.

So Far, So Good: C.D. Howe Institute Business Cycle Council Declares Recession Avoided in 2022, 2023

So Far, So Good: C.D. Howe Institute Business Cycle Council Declares Recession Avoided in 2022, 2023

Weakness in Canadian GDP since the Bank of Canada began raising its policy rate in March 2022 has spurred much talk of the possibility of a recession.1At a meeting in early 2024, the Council weighed the evidence of a recession having occurred in the past two years and whether current conditions could presage one. The Business Cycle Council (BCC) of...

When Ottawa caps interest rates, high-risk borrowers don’t get loans

When Ottawa caps interest rates, high-risk borrowers don’t get loans

Ottawa has set its sights on reining in predatory lending rates. Last year it set out draft regulations that would lower the rate non-prime lenders can charge from 48 to 35 per cent (“annual percentage rate” or APR). Will that keep people who are prey to predatory lending from entering a cycle of debt? Probably not.