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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 • 2026-09-06
A self-employed Toronto resident secured a 3.85% variable-rate mortgage by adjusting her income reporting and utilizing personal business loans for her down pay
AI summary
A self-employed Toronto resident secured a 3.85% variable-rate mortgage by adjusting her income reporting and utilizing personal business loans for her down payment. Lenders typically assess self-employed borrowers based on a two-year income average, requiring her to increase her salary to qualify. Homeownership has also provided her with access to a home equity line of credit for further business financing.
Key takeaways
- Self-employed income averaging impacts mortgage qualification.
- Personal business loans can fund down payments.
- Homeownership enables access to lower-interest HELOCs.
Financial Post - Banking • 2026-09-05
Canadian financial regulators prioritize stability and consumer protection, with a notable lack of public cost-benefit analysis for new rules. This approach ma
AI summary
Canadian financial regulators prioritize stability and consumer protection, with a notable lack of public cost-benefit analysis for new rules. This approach may inadvertently hinder efficiency and growth, as evidenced by a correlation between regulatory tightening and weaker economic expansion without a measurable impact on recession probability. The author suggests Canada needs to measure and publish the costs of its regulations to achieve a better balance.
Key takeaways
- Canadian financial regulation heavily favors stability and consumer protection.
- There is a lack of public cost-benefit analysis for new financial rules in Canada.
- Increased regulation may be linked to slower economic growth without reducing recession risk.
Globe and Mail - Business • 2026-09-04
CIBC has asked an Ontario court to appoint a receiver to oversee businesses linked to former MP Raj Grewal, citing $17.7-million in outstanding loans and an "av
AI summary
CIBC has asked an Ontario court to appoint a receiver to oversee businesses linked to former MP Raj Grewal, citing $17.7-million in outstanding loans and an "avalanche of active litigation" from multiple parties. Grewal is also facing allegations of mortgage fraud and an application to revoke his law licence. The bank's filing highlights multiple contract breaches, including failure to pay property taxes and disclose new loans on secured commercial properties.
Key takeaways
- CIBC seeks receiver for Raj Grewal's businesses over $17.7M debt.
- Grewal faces law licence suspension amid fraud allegations.
- Multiple lenders and legal actions are targeting Grewal's assets.
Globe and Mail - Business • 2026-09-04
The Bank of Canada has maintained its key interest rate at 2.25%, but global bond yield increases, influenced by trade war concerns and inflation, are driving u
AI summary
The Bank of Canada has maintained its key interest rate at 2.25%, but global bond yield increases, influenced by trade war concerns and inflation, are driving up fixed mortgage rates above 4%. This rise in fixed rates, coupled with trade war uncertainties, is contributing to a slowdown in the Toronto housing market, with sales falling in August after a prior rebound. Meanwhile, downtown Toronto is experiencing a significant return to office, revitalizing the corporate real estate market.
Key takeaways
- Bank of Canada holds key interest rate steady.
- Fixed mortgage rates are increasing due to bond yields.
- Toronto sees a return to office, impacting real estate.
Globe and Mail - Business • 2026-09-03
Toronto-Dominion Bank's Chief Operating Officer, Taylan Turan, is departing after less than a year in the role, having been instrumental in the bank's transform
AI summary
Toronto-Dominion Bank's Chief Operating Officer, Taylan Turan, is departing after less than a year in the role, having been instrumental in the bank's transformation strategy and operational enhancements. This leadership change follows TD's efforts to address anti-money-laundering failures and bolster its growth initiatives. The bank also announced other senior leadership appointments focused on digital transformation and strategic execution.
Key takeaways
- TD's COO is departing after less than a year.
- The departure follows efforts to address AML failures.
- Senior leadership changes aim to advance digital initiatives.
Globe and Mail - Business • 2026-09-03
The Bank of Canada has introduced new $20 banknotes that will feature a portrait of King Charles III. This marks a significant change in Canadian currency desig
AI summary
The Bank of Canada has introduced new $20 banknotes that will feature a portrait of King Charles III. This marks a significant change in Canadian currency design, replacing the previous monarch.
Key takeaways
- New $20 bills will bear King Charles III's image.
- This is a notable update to Canadian currency.
- The Bank of Canada is responsible for the issuance.
TD - Media Room • 2026-09-03
TD Bank Group has announced senior leadership appointments aimed at accelerating its strategy, with a focus on technology, AI, and client experience. Vlad Shpil
AI summary
TD Bank Group has announced senior leadership appointments aimed at accelerating its strategy, with a focus on technology, AI, and client experience. Vlad Shpilsky will lead Global Technology and Solutions, Renu Gupta will oversee Strategy and Commercial functions, and Paul Whitehead will manage Global Corporate Services, including enterprise AI. These changes are intended to strengthen capabilities and drive execution across the bank.
Key takeaways
- TD Bank Group announced leadership changes.
- Appointments focus on technology and AI acceleration.
- Changes aim to strengthen strategy execution.
TD - Media Room • 2026-09-03
Raymond Chun, Group President and CEO of TD Bank Group, is scheduled to present at the Scotiabank Financials Summit in Toronto on September 9, 2026. The present
AI summary
Raymond Chun, Group President and CEO of TD Bank Group, is scheduled to present at the Scotiabank Financials Summit in Toronto on September 9, 2026. The presentation will be accessible via live and archived audio webcasts on TD's investor relations website. TD Bank Group, with $2.1 trillion in assets as of July 31, 2026, is a significant North American financial institution.
Key takeaways
- TD Bank Group CEO to speak at Scotiabank summit.
- Presentation date is September 9, 2026.
- Webcasts will be available online.
Globe and Mail - Business • 2026-09-03
The Bank of Canada is unveiling a redesigned $20 bill featuring King Charles, replacing the image of Queen Elizabeth II. This change follows a government direct
AI summary
The Bank of Canada is unveiling a redesigned $20 bill featuring King Charles, replacing the image of Queen Elizabeth II. This change follows a government directive and continues the tradition of featuring the reigning monarch on Canadian currency. The Royal Canadian Mint has already begun producing coins with King Charles's effigy.
Key takeaways
- New $20 bill will feature King Charles.
- Queen Elizabeth II's image is being replaced.
- Reigning monarch tradition continues on Canadian bills.
Globe and Mail - Business • 2026-09-02
The Dutch central bank has relocated billions of dollars in gold reserves from Canada and the U.S. to London as a "crisis preparedness" measure. This move aims
AI summary
The Dutch central bank has relocated billions of dollars in gold reserves from Canada and the U.S. to London as a "crisis preparedness" measure. This move aims to improve the tradability and accessibility of its gold holdings in a global crisis. The relocation involved physical transfers and sales/purchases of gold to enhance resilience.
Key takeaways
- Dutch central bank moved gold from Canada to London.
- Relocation is for "crisis preparedness" and improved tradability.
- Gold in London meets modern international trade standards.
Globe and Mail - Business • 2026-09-02
The Bank of Canada maintained its policy interest rate at 2.25%, a decision influenced by significant trade uncertainty stemming from Canada-U.S. trade negotiat
AI summary
The Bank of Canada maintained its policy interest rate at 2.25%, a decision influenced by significant trade uncertainty stemming from Canada-U.S. trade negotiations. Despite economic data suggesting potential inflationary pressures, including a rebound in GDP growth and rising inflation, the breakdown in trade talks and subsequent retaliatory tariffs led the bank to hold rates. The ongoing trade dispute is expected to negatively impact Canadian industries and household spending, potentially pushing the bank towards rate cuts if the situation persists.
Key takeaways
- Bank of Canada held its policy rate at 2.25%.
- Trade war uncertainty influenced the rate decision.
- Economic data showed strong GDP growth and rising inflation.
Globe and Mail - Business • 2026-09-02
The Bank of Canada maintained its benchmark interest rate at 2.25%, citing concerns over inflationary pressures from rising oil prices as more significant than
AI summary
The Bank of Canada maintained its benchmark interest rate at 2.25%, citing concerns over inflationary pressures from rising oil prices as more significant than the impact of the escalating trade war with the United States. Governor Tiff Macklem indicated a readiness to raise interest rates if inflation remains elevated, leading markets to increase bets on future hikes. Bond yields, which influence mortgage rates, saw an uptick following the announcement.
Key takeaways
- Bank of Canada held interest rates steady at 2.25%.
- Oil price shock seen as a greater inflation risk than trade war.
- Market expectations for interest rate hikes increased.
Globe and Mail - Business • 2026-09-02
The article discusses the debate surrounding central bank independence, arguing that while operational independence is crucial, mandates should be democraticall
AI summary
The article discusses the debate surrounding central bank independence, arguing that while operational independence is crucial, mandates should be democratically set and central banks should collaborate with governments. It highlights Canada's model where the government and Bank of Canada jointly agree on inflation targets, contrasting it with the U.S. Federal Reserve's independently adopted target. The author suggests that certain monetary policy tools with significant fiscal and distributional effects should require government approval.
Key takeaways
- Central bank mandates should be democratically set.
- Canada's model involves joint agreement on inflation targets.
- Some monetary tools may require government blessing.
Globe and Mail - Business • 2026-09-02
The Bank of Canada maintained its policy interest rate at 2.25%, citing economic uncertainty from trade negotiations as a key factor despite positive GDP and em
AI summary
The Bank of Canada maintained its policy interest rate at 2.25%, citing economic uncertainty from trade negotiations as a key factor despite positive GDP and employment data. Bond yields, particularly the five-year yield, have risen following the announcement, signaling potential increases in fixed mortgage rates. Markets are now pricing in a higher probability of rate hikes later in the year, with a December meeting being a key focus.
Key takeaways
- Bank of Canada held interest rates steady at 2.25%.
- Trade war uncertainty influenced the rate decision.
- Five-year bond yields have increased, impacting fixed mortgage rates.
Globe and Mail - Business • 2026-09-02
The Bank of Canada is expected to hold interest rates steady, with market expectations pricing in future hikes driven by inflation concerns and the ongoing Cana
AI summary
The Bank of Canada is expected to hold interest rates steady, with market expectations pricing in future hikes driven by inflation concerns and the ongoing Canada-U.S. trade dispute. The trade war presents a dilemma for the Bank of Canada, as it can constrain economic growth while simultaneously increasing prices. Headline inflation remains at the top of the Bank of Canada's target range, influenced by global oil prices and potential countertariffs.
Key takeaways
- Bank of Canada expected to hold rates steady.
- Trade war creates conflicting economic pressures.
- Inflationary pressures are a key concern for the BoC.
Financial Post - Banking • 2026-09-02
A couple with a $1.16 million investment portfolio is planning for retirement, aiming for an after-tax annual income of $120,000. They are considering a lifesty
AI summary
A couple with a $1.16 million investment portfolio is planning for retirement, aiming for an after-tax annual income of $120,000. They are considering a lifestyle shift to British Columbia, which involves evaluating housing purchase options and potential mortgage implications. A financial planner suggests they are well-positioned to meet their retirement income goals and can retire as planned without delaying their employer pension.
Key takeaways
- Couple aims for $120,000 after-tax annual retirement income.
- Considering a move to British Columbia with potential mortgage debt.
- Financial planner indicates they are ahead of their retirement savings goal.
Globe and Mail - Business • 2026-09-02
Renewed U.S. airstrikes on Iran have driven up oil prices and bond yields, increasing inflation fears and expectations of tighter interest rates globally. Whil
AI summary
Renewed U.S. airstrikes on Iran have driven up oil prices and bond yields, increasing inflation fears and expectations of tighter interest rates globally. While some central banks may consider rate hikes, the Bank of Canada is anticipated to hold its key interest rate steady due to well-anchored core inflation. Rising energy prices and bond yields are creating concerns for economic growth and corporate earnings.
Key takeaways
- Oil prices and bond yields have increased due to U.S.-Iran conflict.
- Bank of Canada expected to maintain current interest rates.
- Inflation fears are rising globally, impacting economic growth outlook.
Globe and Mail - Business • 2026-09-01
A Vanguard Canada survey found that parents who discuss financial matters with their children at a young age foster greater financial comprehension. Conversely,
AI summary
A Vanguard Canada survey found that parents who discuss financial matters with their children at a young age foster greater financial comprehension. Conversely, parents who avoid these conversations risk their children developing financial anxiety and lacking understanding of basic concepts like credit. The survey highlights that financial curiosity peaks between ages 10-14, yet most parents delay these discussions until later, potentially disadvantaging their children.
Key takeaways
- Talking about money with children improves their financial understanding.
- Avoiding financial discussions can lead to child anxiety about money.
- Early financial conversations are crucial for children's comprehension.
TD - Media Room • 2026-09-01
TD Bank Group's Group Head of U.S. Banking will present at the Barclays Global Financial Services Conference on September 15, 2026. The presentation will be acc
AI summary
TD Bank Group's Group Head of U.S. Banking will present at the Barclays Global Financial Services Conference on September 15, 2026. The presentation will be accessible via a live and archived audio webcast on TD's investor relations website. TD Bank Group, with $2.1 trillion in assets as of July 31, 2026, is a significant North American financial institution.
Key takeaways
- TD Bank Group executive to speak at Barclays conference.
- Presentation webcast available on TD's investor website.
- TD Bank Group holds $2.1 trillion in assets.
Financial Post - Banking • 2026-09-01
Canadian economists widely anticipate the Bank of Canada will maintain its overnight interest rate at 2.25% through the end of the year, though future rate move
AI summary
Canadian economists widely anticipate the Bank of Canada will maintain its overnight interest rate at 2.25% through the end of the year, though future rate movements are uncertain due to renewed trade war tensions. The central bank's decision comes amidst a 3.3% annualized economic growth in the second quarter and the federal government's response to U.S. tariffs. While some economists see potential for rate hikes in 2027 if trade issues resolve, others predict rate cuts if uncertainty persists.
Key takeaways
- Interest rates expected to hold steady through 2027.
- Trade war uncertainty impacts economic outlook.
- Economists divided on future rate hikes or cuts.
Financial Post - Banking • 2026-09-01
Life insurance coverage in Canada has increased significantly, with 68% of Canadians now reporting having at least one policy, up from 58% last year. Despite th
AI summary
Life insurance coverage in Canada has increased significantly, with 68% of Canadians now reporting having at least one policy, up from 58% last year. Despite this rise, overall confidence in family financial security remains stagnant, with many Canadians unsure if their coverage is adequate, particularly those relying on workplace plans. Rising living costs are also cited as a barrier to obtaining life insurance, with a growing number delaying their purchasing plans.
Key takeaways
- Life insurance coverage rose to 68% in Canada.
- Confidence in family financial security remains low.
- Rising living costs hinder insurance purchases.
Globe and Mail - Business • 2026-08-31
Laurentian Bank of Canada expects to close its acquisition by Fairstone Bank and the sale of its retail and small/medium-sized banking portfolios to National Ba
AI summary
Laurentian Bank of Canada expects to close its acquisition by Fairstone Bank and the sale of its retail and small/medium-sized banking portfolios to National Bank on November 1st. This follows the final key regulatory approval from the Canadian Investment Regulatory Organization and relevant securities regulators. The deal, announced last year, sees Fairstone acquiring Laurentian Bank and its commercial operations for $1.9-billion, with National Bank taking over the retail and SME portfolios.
Key takeaways
- Laurentian Bank's acquisition by Fairstone and sale of portfolios to National Bank is set for November 1st.
- Final regulatory approval from CIRO and securities regulators has been received.
- Fairstone is acquiring Laurentian Bank and commercial operations for $1.9-billion.
Financial Post - Banking • 2026-08-31
Canada's major banks are holding excess capital following a reduction in the domestic stability buffer, which freed up $74 billion. Despite this, weak loan dema
AI summary
Canada's major banks are holding excess capital following a reduction in the domestic stability buffer, which freed up $74 billion. Despite this, weak loan demand and a lack of "shovels in the ground" for major projects are hindering deployment, leading banks to consider share buybacks and potential mergers. The banks reported strong quarterly profits, largely driven by capital markets, and are aiming to lower their common equity tier 1 ratios.
Key takeaways
- Regulator reduced domestic stability buffer, freeing up $74 billion.
- Weak loan demand limits capital deployment for banks.
- Banks are considering share buybacks and M&A to deploy capital.
Globe and Mail - Business • 2026-08-30
The Bank of Canada is expected to hold its benchmark interest rate steady at 2.25% due to an escalating trade war between Canada and the U.S. While tariffs may
AI summary
The Bank of Canada is expected to hold its benchmark interest rate steady at 2.25% due to an escalating trade war between Canada and the U.S. While tariffs may cause a modest, one-time increase in inflation, their primary impact is anticipated to be on economic growth. Financial markets are forecasting no rate changes for the rest of the year, with potential increases beginning in early 2027.
Key takeaways
- Bank of Canada likely to hold interest rates steady.
- Trade war escalation poses risks to growth and inflation.
- Rate hikes not expected until early 2027.
Globe and Mail - Business • 2026-08-28
Escalating trade tensions between Canada and the U.S. are creating uncertainty in the housing market, potentially dampening buyer and seller confidence despite
AI summary
Escalating trade tensions between Canada and the U.S. are creating uncertainty in the housing market, potentially dampening buyer and seller confidence despite recent improvements in national home sales. Meanwhile, Quebec's rental market is an outlier, with rents declining slower than in other Canadian cities due to supply dynamics. The article also explores what $800,000 can purchase in Ontario's cottage country and highlights a heritage farm property.
Key takeaways
- Trade war creates housing market uncertainty.
- Quebec rents are not declining significantly.
- Cottage country prices vary by location and type.
Globe and Mail - Business • 2026-08-28
The Vancouver real estate market is experiencing a robust summer driven by young buyers receiving significant financial assistance from their parents for down p
AI summary
The Vancouver real estate market is experiencing a robust summer driven by young buyers receiving significant financial assistance from their parents for down payments. This intergenerational wealth transfer helps younger buyers qualify for larger mortgages and purchase family-sized properties, with gifted down payments in B.C. averaging $204,000. Parents are also contributing to monthly mortgage payments, enabling their children to enter or move up in the housing market.
Key takeaways
- Parental gifts are a key driver of Vancouver's real estate market.
- Average down payment gifts in B.C. are substantial, aiding mortgage qualification.
- Parents are also assisting with monthly mortgage payments for their children.
Globe and Mail - Business • 2026-08-28
Laurentian Bank reported a net income of $1.5 million for its third quarter, a significant decrease from the previous year. This result reflects ongoing efforts
AI summary
Laurentian Bank reported a net income of $1.5 million for its third quarter, a significant decrease from the previous year. This result reflects ongoing efforts to complete its planned sale and transformation into a specialty commercial bank. The bank expects to finalize the sale of its operations to Fairstone Bank and National Bank later this year.
Key takeaways
- Laurentian Bank's Q3 net income was $1.5 million.
- Adjusted earnings per share decreased year-over-year.
- The bank is proceeding with its sale to Fairstone and National Bank.
Globe and Mail - Business • 2026-08-28
Three of Canada's largest banks, RBC, TD, and CIBC, reported quarterly earnings that surpassed analyst expectations, signaling confidence in the Canadian econom
AI summary
Three of Canada's largest banks, RBC, TD, and CIBC, reported quarterly earnings that surpassed analyst expectations, signaling confidence in the Canadian economy's resilience amidst trade uncertainty. Bank executives highlighted manageable loan delinquencies and continued client spending and investment, despite potential dampening effects of U.S. tariffs. The banks have set aside provisions for trade risks, with outlooks contingent on factors like the unemployment rate and potential economic shocks.
Key takeaways
- RBC, TD, and CIBC earnings exceeded analyst estimates.
- Banks express confidence in Canada's economic resilience to trade uncertainty.
- Provisions for trade and policy risks have been set aside by banks.
Globe and Mail - Business • 2026-08-27
Royal Bank of Canada, Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce all reported earnings that exceeded analyst expectations, driven by strong p
AI summary
Royal Bank of Canada, Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce all reported earnings that exceeded analyst expectations, driven by strong performance in capital markets, commercial banking, and wealth management. Bank executives expressed confidence in the Canadian economy's resilience to trade tensions, citing manageable loan delinquencies and ongoing client spending. TD Bank also announced plans to open 100 new U.S. branches, pending regulatory approval.
Key takeaways
- Major Canadian banks beat earnings expectations.
- Banks express confidence in Canadian economy's resilience.
- TD Bank plans significant U.S. branch expansion.