CEO of Canada’s biggest bank calls for caution as Ottawa considers adjusting mortgage stress test BMO, TD, CIBC and Scotiabank also weigh in on issues facing banking sector The chief executive of Canada’s biggest bank says the federal government needs to exercise caution as it considers adjusting the mortgage stress test that has loomed over […]

Five things to watch for in the Canadian business world in the coming week The Royal Bank of Canada sign is seen at its former head office in downtown Toronto, Dec. 2, 2011. (Nathan Denette / THE CANADIAN PRESS)   Banking conference RBC Capital Markets will hold its 2020 bank CEO conference on Tuesday in […]

The Latest in Mortgage News: 2020 Forecasts

Share Now, formerly Car2Go, to end service in North America in February 2020 The car-share service, which operates in Vancouver and Montreal, will cease operations on Feb. 29, 2020 Car2Go currently operates in several North American cities, including Vancouver and Montreal. (Maggie MacPherson/CBC)   The car-share service Car2Go will shut down operations in North America early next […]

Bank of Canada Holds Steady Amid Continued Trade Uncertainty The Bank of Canada maintained its target for the overnight rate at 1.75% for the ninth consecutive policy announcement, keeping the key interest rate stable for all of 2019. Today’s decision was widely expected as members of the Governing Council have signalled that the Bank is […]

Bank of Canada to hold rates through 2020, call on a knife’s edge   The Bank of Canada is now expected to hold rates through to the end of next year, according to a slim majority of economists in a Reuters poll, with forecasts on whether or not the central bank holds or cuts sitting […]

Experts, officials meet at Microsoft HQ to discuss high-speed rail between Vancouver and U.S. close video Experts from around the world are in Seattle to discuss the future of high-speed rail between B.C. and Washington State. Ted Chernecki reports.   A proposed high-speed rail line is getting another boost in support this week as business […]

How Is the Retail Banking Landscape in Canada Changing? Experts at Infiniti Investigate the Latest Canadian Retail Banking Trends A well-known market intelligence company, Infiniti Research, has announced the completion of its latest article on the evolving retail banking landscape in Canada. This article provides comprehensive insights into: “The pressure on retail banking companies and […]

Bank of Canada Holds Policy Rate Steady Amid Global Uncertainty It is rare for the Bank of Canada and the US Federal Reserve to announce rate decisions on the same day, but today’s announcements highlight the stark differences in policy in the two countries. The Bank this morning announced they would maintain their target for […]

First-Time Homebuyers: What Boomers Got Vs. What Millennials Are Getting Living space is much harder to buy now in Toronto and Vancouver. The homeowner life in Canada is changing. We see it everywhere: The once-endless expansion of suburban neighbourhoods has slowed, and highrise cranes now dot the skyline, often even far from city centres. But […]