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CanadianBankNews - 2026-07-12
Canada's housing supply shortage remains a long-term affordability issue. Even when rates move or sales slow, new construction, zoning reform, labour capacity and project financing still shape how quickly homes can be added.
- Housing supply is an affordability issue, not only a real estate market issue.
- Construction delays, approvals and financing can limit how quickly new homes are built.
- First-time buyers should compare affordability using current rates and realistic monthly costs.
Read fixed guideCanadianBankNews - 2026-07-11
RBC Avion Rewards is our No. 1 overall pick for Canadian bank loyalty because it offers a broad major-bank ecosystem and flexible travel-oriented redemption choices, but the best program depends on how each Canadian earns and redeems rewards.
- RBC Avion is the strongest overall program for flexible travel and redemption choice.
- Scene+, TD Rewards, CIBC Aventura and BMO Rewards are worth comparing.
- Cash back may be better than points for readers who want simple dollar value.
Read fixed guideCanadianBankNews - 2026-07-12
If scammers drain your account, your bank's responsibility depends on whether the transaction was unauthorized, whether you protected credentials, how quickly you reported it, and what the investigation finds.
- Unauthorized fraud and authorized payment scams are treated differently.
- Report suspicious activity to your bank immediately and keep the case number.
- If you disagree with the bank's decision, escalate through the bank, then OBSI where eligible.
Read fixed guideGlobe and Mail - Business • 2026-09-18
Canada's retaliatory tariffs against the U.S. are increasing construction costs for home builders due to a 25% tariff on commercial carpet, with no domestic man
AI summary
Canada's retaliatory tariffs against the U.S. are increasing construction costs for home builders due to a 25% tariff on commercial carpet, with no domestic manufacturer to fill the gap. In Vancouver, a growing movement advocates for relocating existing homes instead of demolition, estimating 20% could be salvaged and moved to areas with demand. Rising U.S. bond yields are also contributing to higher fixed mortgage rates in Canada.
Key takeaways
- Tariffs on U.S. carpets are raising home construction costs.
- Relocating homes is gaining traction as an alternative to demolition.
- U.S. bond yields are driving up Canadian fixed mortgage rates.
Globe and Mail - Business • 2026-09-16
The U.S. Federal Reserve increased its benchmark interest rate by a quarter of a percentage point, aiming to curb inflation and return to its 2% target. This mo
AI summary
The U.S. Federal Reserve increased its benchmark interest rate by a quarter of a percentage point, aiming to curb inflation and return to its 2% target. This move, the first since 2023, was met with criticism from U.S. President Donald Trump, who advocated for lower borrowing costs. Fed projections suggest further rate hikes may occur later this year, though Canadian bond yields showed little reaction.
Key takeaways
- U.S. Federal Reserve raised interest rates by 0.25%.
- The rate hike aims to combat inflation.
- Canadian bond yields were largely unaffected by the U.S. decision.
Globe and Mail - Business • 2026-09-16
Entrepreneur Steve Hudson has launched Pinnacle Acquisition Corp., a US$200-million SPAC, with the intention of acquiring a Canadian financial services company.
AI summary
Entrepreneur Steve Hudson has launched Pinnacle Acquisition Corp., a US$200-million SPAC, with the intention of acquiring a Canadian financial services company. The company plans to leverage artificial intelligence to automate processes and potentially offload loans to institutions. Investment bankers from CIBC, BMO, and RBC are advising Pinnacle on potential acquisitions within sectors like niche lending and consumer finance.
Key takeaways
- SPAC launched to acquire Canadian financial services firm.
- AI strategy to automate lending and improve margins.
- Focus on niche lending and consumer finance sectors.
Globe and Mail - Business • 2026-09-16
Rising bond yields, influenced by factors like oil prices and tariffs, are impacting Canadian mortgages and the broader economy. Higher yields increase borrowin
AI summary
Rising bond yields, influenced by factors like oil prices and tariffs, are impacting Canadian mortgages and the broader economy. Higher yields increase borrowing costs, potentially slowing demand and inflation as central banks consider interest rate adjustments. The bond market's performance, particularly the yield curve, offers insights into investor sentiment regarding future economic growth.
Key takeaways
- Bond yields are rising due to oil prices and tariffs.
- Higher bond yields increase mortgage borrowing costs.
- Bond yields can signal investor expectations for economic growth.
Globe and Mail - Business • 2026-09-16
The Bank of Canada held its key policy rate steady at 2.25%, with deliberations revealing concerns that a re-escalating trade dispute with the U.S. could dampen
AI summary
The Bank of Canada held its key policy rate steady at 2.25%, with deliberations revealing concerns that a re-escalating trade dispute with the U.S. could dampen consumer and business confidence. While initial assessments suggested modest economic impact from tariffs, policymakers worried about the sustainability of recovery amid trade uncertainty. The bank is also monitoring high energy prices for potential inflationary pressures, while acknowledging that slower growth could offset some of these risks.
Key takeaways
- Bank of Canada held interest rates steady at 2.25%.
- Trade dispute with the U.S. is a concern for confidence.
- High energy prices are being watched for inflation risks.
Globe and Mail - Business • 2026-09-16
The annual pace of housing starts in Canada decreased in August, according to the Canada Mortgage and Housing Corp. The seasonally adjusted annual rate of housi
AI summary
The annual pace of housing starts in Canada decreased in August, according to the Canada Mortgage and Housing Corp. The seasonally adjusted annual rate of housing starts fell to 229,046 units, down from 229,360 in July. This decline was primarily driven by a decrease in housing starts in Ontario, partially offset by gains in Quebec and Alberta.
Key takeaways
- August housing starts trended slightly lower nationally.
- Ontario saw a notable decline in housing starts.
- Quebec and Alberta experienced modest gains in housing starts.
Globe and Mail - Business • 2026-09-15
Canadian home sales in August decreased by 6.9% year-over-year, influenced by rising inflation and potential interest rate hikes that are causing buyers to adop
AI summary
Canadian home sales in August decreased by 6.9% year-over-year, influenced by rising inflation and potential interest rate hikes that are causing buyers to adopt a patient approach. While the national average sale price saw a modest 0.6% annual increase, the home price index remained stable month-over-month and declined 3% annually. Increased new listings suggest sellers are preparing for the fall market, with inventory levels now in line with the long-term average.
Key takeaways
- August home sales fell 6.9% annually.
- Inflation and rate hike risks are dampening market activity.
- New listings increased, boosting inventory levels.
Financial Post - Banking • 2026-09-15
BlackRock is committing CAD$15 million over three years to support Canada's skilled trades workforce through its BlackRock Future Builders initiative. This prog
AI summary
BlackRock is committing CAD$15 million over three years to support Canada's skilled trades workforce through its BlackRock Future Builders initiative. This program aims to expand economic opportunity by increasing access to training, supporting apprenticeships, and connecting Canadians to in-demand careers in the skilled trades. The initiative's first phase will support the Iron Workers District Council of Western Canada, with further partnerships to be announced.
Key takeaways
- BlackRock commits CAD$15 million over three years to skilled trades.
- Initiative focuses on training, apprenticeships, and career connections.
- First phase supports Iron Workers in Western Canada.
Globe and Mail - Business • 2026-09-14
Canada's annual inflation rate held steady at 3% in August, with slower growth in gas and food prices. This stability may reduce expectations for an immediate B
AI summary
Canada's annual inflation rate held steady at 3% in August, with slower growth in gas and food prices. This stability may reduce expectations for an immediate Bank of Canada interest rate hike, though elevated oil prices remain a concern for future inflation spillover. While rent and travel costs increased, some relief was seen in grocery prices, with dairy leading the slowdown.
Key takeaways
- August inflation remained at 3%, meeting forecasts.
- Slower gas and food price increases eased rate hike speculation.
- Higher rent and travel costs offset some inflation relief.
Financial Post - Banking • 2026-09-14
Canadian businesses are experiencing a significant increase in debt, with average commercial debt per business rising 7.3% year-over-year to $30,581 in Q2 2026,
AI summary
Canadian businesses are experiencing a significant increase in debt, with average commercial debt per business rising 7.3% year-over-year to $30,581 in Q2 2026, while 60+ day delinquencies on financial credit products reached a multi-year high of 4.0%. Trade tariffs are adding to the uncertainty for businesses already facing elevated debt and cash flow challenges, leading to a surge in business restructuring proposals. Debt growth is disproportionately affecting higher-risk and younger businesses, with average balances increasing substantially in these segments.
Key takeaways
- Average business debt increased 7.3% to $30,581.
- 60+ day delinquencies on financial credit hit a multi-year high.
- Higher-risk and younger businesses show significant debt increases.
Globe and Mail - Business • 2026-09-14
Toronto-Dominion Bank has pledged $150-billion over five years to finance Canadian companies in critical sectors like energy, defence, and technology, aiming to
AI summary
Toronto-Dominion Bank has pledged $150-billion over five years to finance Canadian companies in critical sectors like energy, defence, and technology, aiming to stimulate economic growth and reduce reliance on the U.S. This initiative aligns with a broader trend of Canadian banks increasing domestic investment ahead of a federal summit. A TD report suggests Canada could experience an investment "supercycle" with policy changes that enhance tax and regulatory competitiveness.
Key takeaways
- TD commits $150-billion to fund Canadian companies over five years.
- Focus areas include energy, critical minerals, defence, tech, and infrastructure.
- Bank initiative aims to boost Canadian economic growth and competitiveness.
Globe and Mail - Business • 2026-09-14
Scotiabank is committing over $100 billion in financing to support the expansion of Canadian businesses, particularly in sectors identified for future economic
AI summary
Scotiabank is committing over $100 billion in financing to support the expansion of Canadian businesses, particularly in sectors identified for future economic growth. This initiative includes launching the Scotia Growth Institute to provide insights on national competitiveness and address potential labour shortages. The bank's increased lending capacity is partly attributed to recent regulatory changes by OSFI that freed up capital for major Canadian banks.
Key takeaways
- Scotiabank pledges over $100 billion for Canadian business expansion.
- New Scotia Growth Institute to advise on economic competitiveness.
- Regulatory changes by OSFI support increased bank lending.
Globe and Mail - Business • 2026-09-12
Royal Bank of Canada has launched a $1.4-billion fund to invest in Canadian technology companies, aiming to accelerate their growth within the country. Meanwhil
AI summary
Royal Bank of Canada has launched a $1.4-billion fund to invest in Canadian technology companies, aiming to accelerate their growth within the country. Meanwhile, Canada is preparing for a summit to attract global investment, highlighting over 160 projects open for development. Despite ongoing trade tensions with the U.S., Canadian business travel to the U.S. has increased, particularly within the technology sector.
Key takeaways
- RBC launches $1.4 billion fund for Canadian tech.
- Canada to host investment summit with 160+ projects.
- Canadian business travel to U.S. is increasing.
Globe and Mail - Business • 2026-09-12
Rising oil prices, driven by Middle East conflict and refinery issues, are contributing to higher inflation in Canada, with a new inflation report expected to s
AI summary
Rising oil prices, driven by Middle East conflict and refinery issues, are contributing to higher inflation in Canada, with a new inflation report expected to show similar bad news. This inflationary pressure is leading bond investors to demand higher interest rates, which in turn are driving up borrowing costs across the economy. The combination of increased prices and higher interest rates poses challenges for consumers, businesses, and governments burdened by debt.
Key takeaways
- Oil prices have crossed US$100 due to Middle East conflict.
- Inflation is expected to rise in Canada, mirroring global trends.
- Higher interest rates are anticipated due to increased inflation and bond yields.
Globe and Mail - Business • 2026-09-11
Several major Canadian banks and pension funds are committing billions of dollars to invest in critical sectors within Canada, aiming to bolster economic securi
AI summary
Several major Canadian banks and pension funds are committing billions of dollars to invest in critical sectors within Canada, aiming to bolster economic security and attract foreign investment. Bank of Montreal plans to deploy up to $70-billion over 10 years across industries like energy, AI, and defence, while Ontario Teachers' Pension Plan intends to invest an additional $10-billion domestically by 2027. These commitments coincide with an upcoming investment summit designed to showcase opportunities and encourage capital inflow into the Canadian economy.
Key takeaways
- Banks and pension funds are earmarking billions for Canadian investments.
- Focus areas include critical minerals, AI, energy, and defence.
- These commitments aim to boost Canada's economic resilience and attract foreign capital.
Financial Post - Banking • 2026-09-11
Canada's major banks have increased fixed mortgage rates by 10 to 15 basis points due to rising bond yields and funding costs. Canadian household wealth reache
AI summary
Canada's major banks have increased fixed mortgage rates by 10 to 15 basis points due to rising bond yields and funding costs. Canadian household wealth reached a record $19.4 trillion in the second quarter, primarily driven by strong equity market performance. Ahead of an investment summit, Canadian financial institutions have pledged billions towards key economic sectors.
Key takeaways
- Big banks raised fixed mortgage rates by 10-15 basis points.
- Canadian household wealth surpassed $19 trillion.
- Financial players pledged billions for economic sectors.
Globe and Mail - Business • 2026-09-11
Bank of Montreal has committed up to $70 billion over 10 years to support critical Canadian sectors like energy, transportation, and defence. This initiative al
AI summary
Bank of Montreal has committed up to $70 billion over 10 years to support critical Canadian sectors like energy, transportation, and defence. This initiative aligns with national efforts to bolster economic security and attract foreign investment ahead of an upcoming investment summit. Other major Canadian banks are also increasing their focus on defence and technology sectors.
Key takeaways
- BMO commits $70 billion to critical Canadian industries.
- Focus on economic security and attracting foreign investment.
- Other banks also increasing support for defence and tech.
Financial Post - Banking • 2026-09-11
A Canadian couple with a $450,000 mortgage and $900,000 home received a $500,000 inheritance, prompting a discussion on its best use. Experts suggest options li
AI summary
A Canadian couple with a $450,000 mortgage and $900,000 home received a $500,000 inheritance, prompting a discussion on its best use. Experts suggest options like paying down the mortgage, investing, or spending, with considerations for asset protection and future housing needs. Financial planning and potentially a marriage contract are recommended to navigate these decisions.
Key takeaways
- Inheritance can be used for mortgage payoff or investment.
- Asset protection is a consideration for inherited funds.
- Financial planning is advised for complex inheritance decisions.
Globe and Mail - Business • 2026-09-10
Rising oil prices and geopolitical tensions in the Middle East are fueling inflation concerns globally, leading to increased interest rate hike expectations fro
AI summary
Rising oil prices and geopolitical tensions in the Middle East are fueling inflation concerns globally, leading to increased interest rate hike expectations from central banks like the Bank of Canada. Bond yields have surged to multi-year highs as investors anticipate tighter monetary policy to combat persistent inflation. This global trend is impacting Canadian borrowing costs, with hopes for lower mortgage rates diminishing.
Key takeaways
- Oil prices have surged, impacting global inflation.
- Interest rate hike expectations are increasing globally.
- Canadian bond yields are rising in line with global trends.
Globe and Mail - Business • 2026-09-10
Despite a significant decline of 21.3% from its peak, Canadian home prices have not fallen enough to restore historical affordability levels. While real house
AI summary
Despite a significant decline of 21.3% from its peak, Canadian home prices have not fallen enough to restore historical affordability levels. While real house prices have returned to 2016 levels, the Bank of Canada's housing affordability index remains elevated, indicating that mortgage payments and utility bills are still high relative to disposable incomes. Further price declines are suggested as the primary path to improved affordability, as interest rate relief is unlikely given current inflation risks and rising bond yields.
Key takeaways
- Canadian home prices are down 21.3% from March 2022 peak.
- Affordability remains below historic norms despite price drops.
- Further price declines are needed for affordability improvement.
Globe and Mail - Business • 2026-09-10
CIBC is committing $2-billion over five years to finance Canadian defence-related and dual-use small and medium-sized businesses, aligning with increased govern
AI summary
CIBC is committing $2-billion over five years to finance Canadian defence-related and dual-use small and medium-sized businesses, aligning with increased government spending in the sector. This initiative supports businesses in critical areas like infrastructure, energy, and cybersecurity, reflecting a broader trend of Canadian banks expanding their involvement in the defence industry. CIBC is also enhancing its military banking program for service members and veterans.
Key takeaways
- CIBC commits $2-billion to defence businesses.
- Program supports critical sectors like energy and cybersecurity.
- CIBC expands military banking services.
Globe and Mail - Business • 2026-09-10
Canada's housing supply gap has slightly improved, but the country still requires up to 4.7 million new homes by 2036 to regain pre-pandemic affordability. Whi
AI summary
Canada's housing supply gap has slightly improved, but the country still requires up to 4.7 million new homes by 2036 to regain pre-pandemic affordability. While overall housing costs have decreased, the pace of new home construction is projected to slow, particularly in the ownership market. The housing supply gap has narrowed in Toronto and Calgary, remained stable in Vancouver, and widened in Montreal and Ottawa.
Key takeaways
- Nearly 4.7 million new homes needed by 2036.
- Annual construction needs range from 417,000 to 469,000 units.
- New construction pace is expected to slow.
TD - Media Room • 2026-09-10
TD Bank Group's U.S. Banking head will present at the Barclays Global Financial Services Conference on September 15, 2026. The presentation will cover TD Bank G
AI summary
TD Bank Group's U.S. Banking head will present at the Barclays Global Financial Services Conference on September 15, 2026. The presentation will cover TD Bank Group's operations and financial standing. Live and archived webcasts of the presentation will be accessible on TD's investor relations website.
Key takeaways
- TD Bank Group executive to speak at Barclays conference.
- Presentation date set for September 15, 2026.
- Webcasts will be available online.
Financial Post - Banking • 2026-09-10
Canadian credit cardholders are increasingly prioritizing rewards and benefits due to growing financial pressures, with 59% now classified as financially unheal
AI summary
Canadian credit cardholders are increasingly prioritizing rewards and benefits due to growing financial pressures, with 59% now classified as financially unhealthy. Despite rising revolving debt and merchant surcharges, many are actively seeking new cards offering better perks, leading to a significant drop in reward bonuses for some segments. American Express leads in overall credit card satisfaction, while the Canadian Tire Triangle World Elite Mastercard and American Express Cobalt Card rank highest in their respective no-annual-fee and annual-fee categories.
Key takeaways
- Rewards and benefits drive 53% of credit card satisfaction.
- 59% of Canadian credit cardholders are financially unhealthy.
- American Express leads in credit card issuer satisfaction.
Financial Post - Banking • 2026-09-10
This opinion piece argues against imposing special taxes on successful innovators, drawing parallels to Canadian discoveries like insulin and the electronic whe
AI summary
This opinion piece argues against imposing special taxes on successful innovators, drawing parallels to Canadian discoveries like insulin and the electronic wheelchair. It suggests that penalizing inventors through heavy taxation could disincentivize future innovation and reduce the funds available for further research and development. The author posits that innovators already capture a small fraction of the benefits their inventions create, making punitive taxation seem ungrateful.
Key takeaways
- Article discusses taxing innovators.
- High taxes could reduce innovation incentives.
- Innovators capture minimal benefit from inventions.
Globe and Mail - Business • 2026-09-09
Canadian bank CEOs express caution regarding the escalating trade war with the U.S., noting that clients are adjusting to economic uncertainty while maintaining
AI summary
Canadian bank CEOs express caution regarding the escalating trade war with the U.S., noting that clients are adjusting to economic uncertainty while maintaining strong capital levels as a buffer. The banking regulator has provided flexibility to stimulate investment, with some banks like RBC holding capital well above minimum requirements. While loan losses have remained within expectations, some stress has been observed in mortgage portfolios in major urban centers.
Key takeaways
- Bank CEOs are cautious due to U.S. trade war uncertainty.
- Regulator has increased flexibility for banks to lend.
- Some mortgage stress is noted in major Canadian cities.
Globe and Mail - Business • 2026-09-09
The Canada Infrastructure Bank has provided a $20-million loan for an Inuit-led wind project in Nunavut that will supply power to Agnico Eagle Mines' operations
AI summary
The Canada Infrastructure Bank has provided a $20-million loan for an Inuit-led wind project in Nunavut that will supply power to Agnico Eagle Mines' operations. This project, featuring a wind turbine and battery storage, aims to significantly reduce diesel consumption and emissions. The initiative is expected to create jobs and provide long-term community benefits through profit-sharing.
Key takeaways
- Infrastructure Bank loans $20 million for Nunavut wind project.
- Project will power Agnico Eagle Mines' operations in Hope Bay.
- Initiative aims to cut diesel use and lower emissions.
Globe and Mail - Business • 2026-09-09
Royal Bank of Canada has launched a $1.4-billion fund to invest in Canadian technology companies, aiming to accelerate their growth and retain economic benefits
AI summary
Royal Bank of Canada has launched a $1.4-billion fund to invest in Canadian technology companies, aiming to accelerate their growth and retain economic benefits within Canada. The RBCx Growth Fund will focus on key sectors and plans to take direct equity investments in up to 15 companies. This initiative comes as Canada faces a decline in domestic growth capital availability for scaling businesses.
Key takeaways
- RBC launches $1.4-billion fund for Canadian tech companies.
- Fund aims to address lack of domestic growth capital.
- Investments will focus on key technology sectors.
Globe and Mail - Business • 2026-09-08
Bank of Nova Scotia has introduced a new framework for issuing Canadian defence bonds to raise capital for companies involved in the defence sector. This initia
AI summary
Bank of Nova Scotia has introduced a new framework for issuing Canadian defence bonds to raise capital for companies involved in the defence sector. This initiative aims to support Ottawa's ambitions for a domestic defence industrial base by providing transparency to investors and outlining the bank's approach to financing. The framework aligns with Canada's Defence Industrial Strategy and NATO commitments, enabling Scotiabank to finance eligible public and private entities engaged in defence and security activities.
Key takeaways
- Scotiabank launches a framework for issuing Canadian defence bonds.
- The initiative aims to support the Canadian defence industrial base.
- Framework aligns with government defence strategy and NATO commitments.
Globe and Mail - Business • 2026-09-08
Bond yields have risen to levels not seen in nearly two decades, with Government of Canada 10-year bonds reaching their highest since 2008. Historical patterns
AI summary
Bond yields have risen to levels not seen in nearly two decades, with Government of Canada 10-year bonds reaching their highest since 2008. Historical patterns suggest long-term interest rates may follow a 60-year cycle, potentially indicating a prolonged period of higher yields. While double-digit yields are unlikely, the trend towards higher rates could persist for decades.
Key takeaways
- Bond yields are at multi-year highs.
- Long-term interest rates may be in a rising cycle.
- Canadian bond yields are currently lower than U.S. yields.