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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 • 2026-07-22
Canada Mortgage and Housing Corp. forecasts a decline in annual housing starts by 7 per cent this year, with further drops expected in 2027 and 2028. This downt
AI summary
Canada Mortgage and Housing Corp. forecasts a decline in annual housing starts by 7 per cent this year, with further drops expected in 2027 and 2028. This downturn is attributed to factors including trade uncertainty, buyer hesitation, elevated construction costs, and a surplus of unsold condos, particularly in Ontario and British Columbia. The agency's projections contrast with the federal government's goal to accelerate homebuilding.
Key takeaways
- Housing starts predicted to fall 7% this year.
- Further declines expected in 2027 and 2028.
- Unsold condos and high construction costs cited as reasons.
Globe and Mail - Business • 2026-07-22
Origin Merchant Partners, a Toronto-based investment bank, is acquiring Boston-based Consensus Consumer to accelerate its U.S. expansion, with the deal expected
AI summary
Origin Merchant Partners, a Toronto-based investment bank, is acquiring Boston-based Consensus Consumer to accelerate its U.S. expansion, with the deal expected to shift the majority of Origin's business to the United States. Despite a challenging M&A environment in Canada, both firms reported a record start to 2026, with revenue on track to double year-over-year. The acquisition aims to leverage Origin's resources to convert Consensus's substantial deal pipeline, particularly in a market seeing increased interest in U.S. manufacturing assets due to trade tensions.
Key takeaways
- Origin Merchant Partners is acquiring Consensus Consumer.
- The acquisition significantly increases Origin's U.S. business.
- Both firms report strong revenue growth despite Canadian M&A challenges.
Financial Post - Banking • 2026-07-22
A TransUnion Canada study indicates that while Canadians report modest financial improvements and increased optimism, inflation remains a top concern, with many
AI summary
A TransUnion Canada study indicates that while Canadians report modest financial improvements and increased optimism, inflation remains a top concern, with many finding their income does not keep pace with rising costs. Despite these pressures, a quarter of consumers plan to seek new credit, though they approach borrowing cautiously. Canadians are actively managing their budgets by cutting discretionary spending and prioritizing essential expenses.
Key takeaways
- Inflation is a top financial concern for 86% of Canadians.
- Half of Canadians report their income isn't keeping pace with inflation.
- 25% of consumers plan to apply for new credit in the next year.
Financial Post - Banking • 2026-07-22
CIBC's deputy chief economist Benjamin Tal suggests the Bank of Canada would consider cutting interest rates if not for the ongoing geopolitical situation in th
AI summary
CIBC's deputy chief economist Benjamin Tal suggests the Bank of Canada would consider cutting interest rates if not for the ongoing geopolitical situation in the Middle East. He believes the central bank is content with current rates unless there is a significant escalation involving Iran. Any major change in the Bank of Canada's interest rate stance is contingent on developments in the Iran conflict.
Key takeaways
- Bank of Canada comfortable with current interest rates.
- Geopolitical events in Iran could influence rate decisions.
- No immediate rate cuts are expected by the Bank of Canada.
Globe and Mail - Business • 2026-07-21
Canadian consumers are significantly more satisfied with their banks than their telecom providers, with a large majority never having switched banks. While diss
AI summary
Canadian consumers are significantly more satisfied with their banks than their telecom providers, with a large majority never having switched banks. While dissatisfaction with telecom services leads to more frequent provider changes, many Canadians view switching banks as a logistical challenge and doubt the benefits. Despite this reluctance, the survey indicates that a small percentage of bank customers have switched providers multiple times, suggesting some are willing to move for better service.
Key takeaways
- Most Canadians are satisfied with their current banks.
- Consumers are more likely to switch telecom providers than banks.
- Switching banks is perceived as a difficult process by many.
Globe and Mail - Business • 2026-07-21
Concerns over port security and illicit drug trafficking have been raised by local officials regarding the federal government's proposed expansion of the Robert
AI summary
Concerns over port security and illicit drug trafficking have been raised by local officials regarding the federal government's proposed expansion of the Roberts Bank Terminal 2 project in British Columbia. While the expansion aims to significantly increase trade capacity and contribute to Canada's GDP, questions persist about the adequacy of current security systems and the absence of dedicated port police. Federal officials maintain that existing law enforcement agencies are equipped to handle security challenges, but a commissioned report highlighted ongoing issues with contraband and police presence.
Key takeaways
- Port security concerns are highlighted amid a major federal port expansion project.
- Local officials question current security measures and drug interdiction capabilities.
- A report noted ongoing issues with contraband and police presence at ports.
Globe and Mail - Business • 2026-07-20
Canada's inflation rate eased to 2.8% in June, primarily driven by a significant drop in gasoline prices. Core inflation metrics also showed a slowdown, falling
AI summary
Canada's inflation rate eased to 2.8% in June, primarily driven by a significant drop in gasoline prices. Core inflation metrics also showed a slowdown, falling below the Bank of Canada's 2% target for the first time since December 2020. This data reinforces the Bank of Canada's current stance of holding interest rates steady, with economists anticipating a prolonged period of no rate changes.
Key takeaways
- June inflation slowed to 2.8% due to lower gas prices.
- Core inflation metrics fell below the 2% target.
- Bank of Canada expected to hold interest rates steady.
Globe and Mail - Business • 2026-07-19
A recent study suggests that while lower-income individuals tend to reduce spending when feeling financially squeezed, higher-income individuals may increase sp
AI summary
A recent study suggests that while lower-income individuals tend to reduce spending when feeling financially squeezed, higher-income individuals may increase spending on premium goods to regain a sense of control. This behaviour, termed "subjective poverty," can lead to lifestyle inflation, especially as general prices in Canada have risen significantly since 2020. The research proposes that regaining a sense of control through budgeting or financial planning can be an antidote to this spending dissonance.
Key takeaways
- Higher-income individuals may spend more when feeling financially insecure.
- Subjective poverty describes feeling financially constrained regardless of income.
- Increased prices and lifestyle inflation contribute to Canadians feeling squeezed.
Financial Post - Banking • 2026-07-18
This article does not contain any information related to Canadian banking, mortgage policy, bank earnings, regulatory changes, or the housing market. The conten
AI summary
This article does not contain any information related to Canadian banking, mortgage policy, bank earnings, regulatory changes, or the housing market. The content focuses on potential leadership changes within Ukraine's armed forces and related political developments.
Key takeaways
- No relevant financial news found.
- Article discusses Ukrainian military leadership.
- No Canadian banking or housing market information present.
Globe and Mail - Business • 2026-07-18
Bank of Canada Governor Tiff Macklem acknowledges a more unpredictable global environment characterized by supply shocks and volatility, impacting monetary poli
AI summary
Bank of Canada Governor Tiff Macklem acknowledges a more unpredictable global environment characterized by supply shocks and volatility, impacting monetary policy decisions. With less than a year left in his term, the Bank is developing new forecasting models to better understand economic shocks and their impact on inflation. Discussions are underway for a mandate review that will examine monetary policy in a volatile world and its effect on housing affordability.
Key takeaways
- Global environment is more volatile and unpredictable.
- Bank of Canada developing new economic forecasting models.
- Mandate review to include housing affordability impact.
Globe and Mail - Business • 2026-07-17
Home prices are declining in Halifax and flattening in Edmonton and Regina, impacting national sales forecasts. Despite the Bank of Canada holding its key rate
AI summary
Home prices are declining in Halifax and flattening in Edmonton and Regina, impacting national sales forecasts. Despite the Bank of Canada holding its key rate steady, fixed mortgage rates are rising due to U.S. bond market concerns, making them less predictable than variable rates. Real estate experts suggest that while the market is experiencing stagnancy and uncertainty, attractive properties may still present good selling opportunities.
Key takeaways
- Halifax, Edmonton, and Regina are experiencing price declines or flatlining.
- Fixed mortgage rates are increasing due to U.S. bond market influences.
- Attractive properties may still be good to sell despite market uncertainty.
Financial Post - Banking • 2026-07-17
A recent RBC poll indicates that 42% of Canadians fear an unexpected expense could jeopardize their financial stability, with nearly 40% of households earning u
AI summary
A recent RBC poll indicates that 42% of Canadians fear an unexpected expense could jeopardize their financial stability, with nearly 40% of households earning under $100,000 lacking an emergency fund. The high cost of living, including rising prices for essentials and mortgage renewals, is cited as the primary barrier to building savings for many Canadians. Car repairs, home repairs, and medical expenses are the most common concerns for unexpected financial shocks.
Key takeaways
- 42% of Canadians worry about unexpected expenses derailing finances.
- High cost of living hinders emergency savings for many.
- Car repairs are a top concern for unexpected expenses.
Globe and Mail - Business • 2026-07-16
Ottawa has referred the Port of Vancouver's Gateway Strategy, including a proposed container terminal expansion and an Alberta oil export terminus, to the Major
AI summary
Ottawa has referred the Port of Vancouver's Gateway Strategy, including a proposed container terminal expansion and an Alberta oil export terminus, to the Major Projects Office to potentially accelerate development. This move aims to boost West Coast trade infrastructure and export diversification, partly in response to a fertilizer company's decision to invest in U.S. terminals. The Roberts Bank Terminal 2 expansion, a key component, promises significant increases in container capacity and trade value.
Key takeaways
- Port of Vancouver expansion referred to Major Projects Office.
- Focus on accelerating trade infrastructure and export diversification.
- Includes container terminal and oil export terminus proposals.
Globe and Mail - Business • 2026-07-16
Canada Mortgage and Housing Corp. reported a 6% decrease in the annual pace of housing starts in June compared to May, with the seasonally adjusted rate falling
AI summary
Canada Mortgage and Housing Corp. reported a 6% decrease in the annual pace of housing starts in June compared to May, with the seasonally adjusted rate falling to 238,971 units. The number of units under construction saw a slight increase, while completions rose significantly, and the inventory of units with approved permits but not yet started declined. The six-month moving average of the seasonally adjusted annual rate also experienced a 2.8% drop.
Key takeaways
- June housing starts down 6% from May.
- Units under construction and completions increased.
- Approved but unstarted units decreased.
Globe and Mail - Business • 2026-07-16
The Bank of Canada held its key lending rate steady, citing geopolitical risks but also reason for optimism based on core inflation measures. However, many Cana
AI summary
The Bank of Canada held its key lending rate steady, citing geopolitical risks but also reason for optimism based on core inflation measures. However, many Canadians feel the bank's inflation data doesn't align with their everyday cost-of-living experiences, creating a disconnect in public trust. This situation presents a paradox for the central bank, which must balance its mandate with public perception of affordability pressures.
Key takeaways
- Bank of Canada held interest rates steady.
- Core inflation remains near 2%, but headline inflation is higher.
- Canadians report inflation data doesn't match their experience.
Globe and Mail - Business • 2026-07-15
The Bank of Canada maintained its overnight rate target at 2.25 per cent, despite headline inflation rising to 3.2 per cent, differentiating the current situati
AI summary
The Bank of Canada maintained its overnight rate target at 2.25 per cent, despite headline inflation rising to 3.2 per cent, differentiating the current situation from past inflationary periods by noting decreasing core inflation. While economic indicators like GDP and job gains show some recovery, concerns remain about excess capacity and a lack of response in interest-sensitive sectors like construction and manufacturing. The article suggests a potential need for an interest rate cut to stimulate demand, but this hinges on distinguishing between cyclical and structural economic issues to avoid reigniting inflation.
Key takeaways
- Bank of Canada held interest rates steady at 2.25%.
- Headline inflation rose to 3.2%, exceeding the bank's target range.
- Core inflation is decreasing, suggesting temporary drivers for headline inflation.
Globe and Mail - Business • 2026-07-15
The Bank of Canada maintained its benchmark interest rate at 2.25%, citing an improving economic outlook and fading oil-driven inflation risks. While economic g
AI summary
The Bank of Canada maintained its benchmark interest rate at 2.25%, citing an improving economic outlook and fading oil-driven inflation risks. While economic growth is expected to gain momentum, Governor Tiff Macklem cautioned that uncertainty remains high due to volatile oil prices and geopolitical developments. The central bank's base-case scenario is to remain on hold, but potential interest rate hikes or cuts are possible depending on future economic conditions.
Key takeaways
- Bank of Canada holds interest rate steady at 2.25%.
- Economic outlook is cautiously optimistic, with growth expected to resume.
- Oil price volatility remains a key factor influencing future rate decisions.
Globe and Mail - Business • 2026-07-15
The Bank of Canada maintained its key interest rate at 2.25%, balancing concerns over inflation driven by oil prices against a weakening economy. Governor Mackl
AI summary
The Bank of Canada maintained its key interest rate at 2.25%, balancing concerns over inflation driven by oil prices against a weakening economy. Governor Macklem indicated that interest rate hikes remain a possibility if elevated oil prices lead to broader and persistent inflation. While variable mortgage rates have held steady, fixed mortgage rates are increasing due to rising Government of Canada bond yields influenced by U.S. economic conditions and inflation expectations.
Key takeaways
- Bank of Canada holds interest rate at 2.25%.
- Rate hikes possible if oil prices cause persistent inflation.
- Fixed mortgage rates are rising, variable rates stable.
Globe and Mail - Business • 2026-07-15
The Bank of Canada faces a growing credibility challenge as inflation is increasingly influenced by factors beyond its control, leading to a disconnect between
AI summary
The Bank of Canada faces a growing credibility challenge as inflation is increasingly influenced by factors beyond its control, leading to a disconnect between official data and Canadians' lived experiences. Stakeholder consultations revealed concerns about the politicization of the bank and a perception that its communications are not tailored to the public. To rebuild trust, the bank is advised to use plainer language and more accessible explanations of its decisions.
Key takeaways
- Inflation is influenced by uncontrollable supply shocks.
- Canadians perceive a disconnect with official inflation data.
- Plain language and accessible communication are key for trust.
Globe and Mail - Business • 2026-07-15
Canadian housing markets in the Prairies and Maritimes are experiencing slowing price growth and declines, mirroring trends seen in Toronto and Vancouver, with
AI summary
Canadian housing markets in the Prairies and Maritimes are experiencing slowing price growth and declines, mirroring trends seen in Toronto and Vancouver, with immigration cuts cited as a significant factor. Cities like Halifax are seeing year-over-year home value declines, while Edmonton and Regina have moved from price growth to stagnation. The Canadian Real Estate Association has further downgraded its national sales forecast for the year.
Key takeaways
- Prairie and Maritime housing markets show slowing price growth.
- Immigration cuts are impacting housing demand in several Canadian cities.
- National housing sales forecast has been downgraded by CREA.
Financial Post - Banking • 2026-07-15
Canadian banks, including RBC, CIBC, Scotiabank, TD, BMO, and National Bank, are supporting the newly launched Defence, Security and Resilience Bank (DSRB), an
AI summary
Canadian banks, including RBC, CIBC, Scotiabank, TD, BMO, and National Bank, are supporting the newly launched Defence, Security and Resilience Bank (DSRB), an international financial institution headquartered in Canada. The DSRB aims to mobilize private capital for defence spending, with NATO members targeting increased military expenditures. This initiative seeks to shift defence spending away from national budgets and into a collective international framework.
Key takeaways
- Canadian banks are backing the new Defence, Security and Resilience Bank.
- The DSRB aims to fund increased military spending by NATO members.
- The bank seeks to move defence costs out of national budgets.
Globe and Mail - Business • 2026-07-14
The union representing striking Bank of Canada security guards alleges the central bank is violating a labour board order by continuing to use replacement worke
AI summary
The union representing striking Bank of Canada security guards alleges the central bank is violating a labour board order by continuing to use replacement workers. This follows a breakdown in negotiations over worker benefits, leading to a strike that has impacted the bank's operations, including the cancellation of a press lockup for an upcoming interest rate decision. The Bank of Canada maintains it has complied with the labour board's directive.
Key takeaways
- Union alleges Bank of Canada uses replacement workers despite order.
- Strike impacts Bank of Canada's operational procedures.
- Upcoming interest rate decision expected to be unchanged.
Financial Post - Banking • 2026-07-14
Aging water and wastewater infrastructure across Canada is significantly hindering new housing construction, leading to project delays and increased costs for d
AI summary
Aging water and wastewater infrastructure across Canada is significantly hindering new housing construction, leading to project delays and increased costs for developers. Municipalities are imposing moratoriums on new developments due to insufficient capacity in their water and wastewater systems, preventing thousands of housing units from reaching the market. These infrastructure deficits, estimated to require billions in upgrades, are becoming a major obstacle to addressing Canada's housing demand.
Key takeaways
- Aging water and wastewater systems are a major constraint on Canadian housing construction.
- Municipalities are issuing moratoriums on new developments due to infrastructure capacity limits.
- Infrastructure deficits add carrying costs for developers, potentially increasing housing prices.
Globe and Mail - Business • 2026-07-13
The Bank of Canada is widely expected to maintain its overnight rate at 2.25% this week, holding steady amidst concerns about weak economic growth and rising oi
AI summary
The Bank of Canada is widely expected to maintain its overnight rate at 2.25% this week, holding steady amidst concerns about weak economic growth and rising oil prices. While geopolitical tensions are impacting oil prices, broader inflation pressures have not yet significantly spread to other consumer expenses. In the U.S., upcoming inflation reports and ongoing Middle East conflict are influencing expectations for Federal Reserve interest rate decisions.
Key takeaways
- Bank of Canada expected to hold interest rates steady.
- Oil price increases not yet causing widespread inflation.
- U.S. inflation data and Middle East conflict influencing Fed policy.