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Statistics Canada's look at the week.

In 2022, the median family after-tax income of Canadians was $60,800, up by 2.5% from 2021, before adjusting for inflation. Adjusted for an annual rate of inflation of 6.8%, the 2022 median family after-tax income was 4.0% lower than in 2021.

In June, the total credit liabilities of households rose 0.2% (+$7.4 billion) to reach $2,962.4 billion. Real estate secured debt, composed of both mortgage debt and home equity lines of credit, grew 0.2% (+$5.5 billion). Household mortgage debt increased 0.2% (+$5.0 billion), a deceleration compared with May (+0.3%). In June, the policy interest rate decreased 25 basis points to 4.75%, the first change since July 2023.

In June, the number of urban transit passenger trips in Canada totalled 125.8 million, more than 82% of the June 2019 level, before the COVID-19 pandemic.9.