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Globe and Mail - Business - 2026-10-13
AI Summary
Bank of Canada Governor Tiff Macklem is attending international financial meetings where central banks are discussing the impact of trade disruptions and high energy costs on growth and inflation. Recent job losses in Canada have raised concerns about economic momentum, though some economists suggest the figures may be skewed by demographic shifts. Meanwhile, U.S. banks are reporting earnings amidst investor worries about rising interest rates and their potential impact on lending and deal-making.
Key takeaways
- Governor Macklem to discuss inflation and growth impacts at global financial meetings.
- Recent Canadian job losses raise economic momentum concerns.
- U.S. bank earnings reflect investor concerns over rising interest rates.
What this could mean for homebuyers
Mortgage news can affect fixed rates, variable-rate expectations, affordability, and buyer timing. Use this article as context, then compare today's rates or ask the AI Mortgage Advisor how it applies to your situation.