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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 guideFinancial Post - Banking • 2026-10-23
Questrade has introduced pre-market and post-market trading for equity and index options, allowing Canadian investors to react to news outside regular market ho
AI summary
Questrade has introduced pre-market and post-market trading for equity and index options, allowing Canadian investors to react to news outside regular market hours. This expansion, enabled by Cboe's extended trading sessions, offers clients greater flexibility to act on earnings reports and economic data. Trading outside standard hours requires limit orders and involves risks such as lower liquidity and higher volatility.
Key takeaways
- Questrade now offers extended-hours trading for equity and index options.
- This feature allows trading before market open and after market close.
- Extended-hours trading requires limit orders and carries additional risks.
Globe and Mail - Business • 2026-10-23
Canada's financial consumer watchdog has identified unclear fees and processes that hinder consumers from switching banks, potentially costing them more money.
AI summary
Canada's financial consumer watchdog has identified unclear fees and processes that hinder consumers from switching banks, potentially costing them more money. The Financial Consumer Agency of Canada's report highlights that these barriers can affect competition and disproportionately impact lower-income individuals. The agency suggests increased transparency and simplified switching procedures to empower consumers and foster a more competitive financial sector.
Key takeaways
- Unclear bank fees and switching barriers identified by FCAC.
- Barriers may disproportionately affect lower-income consumers.
- FCAC recommends increased transparency and easier switching.
Globe and Mail - Business • 2026-10-22
Canada Post is showing early signs of financial recovery, with CEO Doug Ettinger reporting an improvement in parcel delivery market share and a reduction in ope
AI summary
Canada Post is showing early signs of financial recovery, with CEO Doug Ettinger reporting an improvement in parcel delivery market share and a reduction in operating costs. The Crown corporation is implementing a strategy that includes shifting to community mailboxes, offering shipping discounts to small businesses, and launching an online marketplace. Despite these efforts, Canada Post's network of post offices remains overbuilt in urban areas and will undergo scaling down, while rural and remote services will be maintained.
Key takeaways
- Canada Post reports early signs of financial recovery.
- Parcel delivery market share is increasing.
- Urban post office network to be scaled down.
Globe and Mail - Business • 2026-10-22
A significant majority of Canadians compare their financial standing to others, often finding inspiration rather than envy, according to a survey. Financial edu
AI summary
A significant majority of Canadians compare their financial standing to others, often finding inspiration rather than envy, according to a survey. Financial educators suggest focusing on personal progress rather than external rankings to maintain a healthy perspective. This approach can be applied to various financial goals, including mortgage attainment and retirement planning.
Key takeaways
- Most Canadians compare their finances to others.
- Personal financial progress is more important than ranking.
- Focusing on personal goals can lead to healthy financial comparison.
Financial Post - Banking • 2026-10-22
A new Equifax Canada survey reveals that one in four small business owners have personally guaranteed business financing, risking personal assets like homes. R
AI summary
A new Equifax Canada survey reveals that one in four small business owners have personally guaranteed business financing, risking personal assets like homes. Rising operating costs and customer acquisition challenges are primary concerns, leading many to use personal credit lines as a financial safety net. Younger entrepreneurs, in particular, show a greater reliance on personal guarantees and credit lines to support their businesses.
Key takeaways
- 26% of business owners personally guarantee financing.
- Customer acquisition is the top business challenge.
- Younger owners use personal credit more frequently.
Financial Post - Banking • 2026-10-22
Fortuna Mining Corp. will release its third quarter 2026 financial results on November 4, 2026, followed by a conference call on November 5, 2026. The call will
AI summary
Fortuna Mining Corp. will release its third quarter 2026 financial results on November 4, 2026, followed by a conference call on November 5, 2026. The call will discuss the company's financial and operational performance. Fortuna Mining Corp. is a Canadian precious metals mining company with operations in multiple countries.
Key takeaways
- Fortuna Mining Corp. to release Q3 2026 results Nov 4.
- Conference call scheduled for Nov 5, 2026.
- Fortuna is a Canadian precious metals mining company.
Globe and Mail - Business • 2026-10-21
National Bank CEO Laurent Ferreira is urging the federal government to overhaul Canada's tax code, proposing it be rewritten within a year to attract capital an
AI summary
National Bank CEO Laurent Ferreira is urging the federal government to overhaul Canada's tax code, proposing it be rewritten within a year to attract capital and talent. He argues the current system is overly complex, particularly for small businesses, and hinders investment despite intentions to incentivize innovation. Ferreira believes a simplified and competitive tax jurisdiction would significantly boost Canada's growth and appeal to investors.
Key takeaways
- National Bank CEO calls for tax code overhaul.
- Current tax system is seen as too complex.
- Goal is to create a simpler, competitive tax jurisdiction.
Globe and Mail - Business • 2026-10-21
British Columbia's next government faces a significant fiscal reckoning, with both major parties offering plans that do not clearly outline a path back to budge
AI summary
British Columbia's next government faces a significant fiscal reckoning, with both major parties offering plans that do not clearly outline a path back to budget balance. The province's debt load has ballooned, with taxpayer-supported debt projected to more than triple by 2028-29, leading to rapidly rising interest costs. These fiscal challenges, coupled with economic headwinds, are creating anxiety about the province's financial future.
Key takeaways
- BC faces a large and prolonged deficit outlook.
- Provincial debt is projected to more than triple by 2028-29.
- Rising interest costs are consuming a growing share of BC's revenue.
Globe and Mail - Business • 2026-10-21
Food bank usage in Canada has more than doubled since 2019, reaching 2.35 million visits in March, indicating a significant affordability crisis impacting food,
AI summary
Food bank usage in Canada has more than doubled since 2019, reaching 2.35 million visits in March, indicating a significant affordability crisis impacting food, shelter, and transportation costs. Employed Canadians now represent nearly one-fifth of food bank users, a notable increase from previous years, as household budgets struggle to absorb rising expenses. The report highlights that while grocery inflation has slowed, overall food prices are up 30% since 2019, compounded by rising fuel and shelter costs.
Key takeaways
- Food bank visits have more than doubled since 2019.
- Employed individuals now form a larger portion of food bank users.
- Rising costs of food, shelter, and transportation are key drivers.
Globe and Mail - Business • 2026-10-21
BMO CEO Darryl White is urging Ottawa to enhance capital access for defence businesses, citing the bank's expanded strategy in the sector. While federal initiat
AI summary
BMO CEO Darryl White is urging Ottawa to enhance capital access for defence businesses, citing the bank's expanded strategy in the sector. While federal initiatives and BMO's own capital deployment are increasing, White suggests further government measures like risk-sharing tools and loan guarantees are needed for small and medium-sized firms. Increased NATO spending and defence investments are projected to significantly impact Canada's economy and attract private sector capital.
Key takeaways
- BMO is expanding its defence sector growth strategy.
- CEO calls for more government support for defence financing.
- NATO spending is expected to boost Canadian economic growth.
Globe and Mail - Business • 2026-10-20
Bank of Montreal has appointed Tim Cox as its new U.S. country head, succeeding Darrel Hackett who will transition to an executive vice-chair role. This leaders
AI summary
Bank of Montreal has appointed Tim Cox as its new U.S. country head, succeeding Darrel Hackett who will transition to an executive vice-chair role. This leadership change comes as BMO aims to improve the profitability of its U.S. operations, which have underperformed expectations. Cox's appointment signals the bank's continued focus on reviving its U.S. business for growth.
Key takeaways
- BMO appoints new U.S. head, Tim Cox.
- Outgoing U.S. head Darrel Hackett moves to advisory role.
- Bank aims to boost U.S. division profitability.
Globe and Mail - Business • 2026-10-20
An increasing number of Canadians are purchasing their first homes in their 40s, a trend that introduces a complex interplay between mortgage obligations and re
AI summary
An increasing number of Canadians are purchasing their first homes in their 40s, a trend that introduces a complex interplay between mortgage obligations and retirement savings goals. This demographic shift highlights the challenges of balancing significant financial commitments like homeownership with long-term financial security. Financial planners are advising on strategies to navigate these competing priorities for individuals entering the housing market later in life.
Key takeaways
- More Canadians are buying first homes in their 40s.
- Homeownership competes with retirement savings for older buyers.
- Financial planners advise on balancing mortgages and retirement.
Globe and Mail - Business • 2026-10-20
Markets are increasingly anticipating a Bank of Canada interest rate hike this month, despite mixed inflation data showing a slowdown excluding gasoline prices.
AI summary
Markets are increasingly anticipating a Bank of Canada interest rate hike this month, despite mixed inflation data showing a slowdown excluding gasoline prices. Business sentiment has weakened, with more firms planning to pass on cost increases, while consumer spending plans have declined. A potential rate hike could impact variable mortgage rates and the Canadian dollar, while fixed-rate borrowers face upward pressure from rising bond yields.
Key takeaways
- Markets now price in a high probability of a Bank of Canada rate hike.
- Inflation excluding gas eased, but business sentiment and spending plans weakened.
- A rate hike could increase variable mortgage rates and strengthen the loonie.
Globe and Mail - Business • 2026-10-19
Rising interest rates are increasing the financial risk for Canadians who plan to retire with an outstanding mortgage. Homeowners, particularly retirees, face c
AI summary
Rising interest rates are increasing the financial risk for Canadians who plan to retire with an outstanding mortgage. Homeowners, particularly retirees, face challenges in managing potentially higher mortgage renewal costs due to persistent inflation and volatile bond markets. The trend of carrying mortgage debt into retirement is growing, with liabilities for those aged 65 and up increasing significantly.
Key takeaways
- Higher interest rates pose a risk for mortgage renewals.
- Retirees have limited options to offset increased mortgage payments.
- Mortgage debt among seniors is on the rise.
Globe and Mail - Business • 2026-10-19
Financial markets are now pricing in an approximately 80% chance of a Bank of Canada interest rate hike next week, influenced by hawkish remarks from Governor T
AI summary
Financial markets are now pricing in an approximately 80% chance of a Bank of Canada interest rate hike next week, influenced by hawkish remarks from Governor Tiff Macklem despite recent inflation data showing a slight increase to 3.1%. While headline inflation was driven by gasoline prices and core inflation remains subdued, concerns about sustained high energy costs and rising inflation expectations are prompting a shift in market sentiment. The Bank of Canada is considering whether to raise rates to influence inflation's path back towards the 2% target.
Key takeaways
- Markets favor a Bank of Canada rate hike next week.
- Governor Macklem's hawkish comments are driving market expectations.
- Rising inflation expectations are a key concern for the BoC.
Globe and Mail - Business • 2026-10-19
Canada's annual inflation rate rose to 3.1% in September, primarily driven by a significant increase in gasoline prices. Shelter costs also saw an uptick, influ
AI summary
Canada's annual inflation rate rose to 3.1% in September, primarily driven by a significant increase in gasoline prices. Shelter costs also saw an uptick, influenced by higher mortgage insurance and home maintenance expenses. This inflation data is the Bank of Canada's final report before its upcoming interest rate decision.
Key takeaways
- Annual inflation reached 3.1% in September.
- Gasoline prices surged 27.8% year-over-year.
- Shelter costs increased due to mortgage insurance and maintenance.
Globe and Mail - Business • 2026-10-18
The Canadian housing industry is advocating for permanent structural reforms to address affordability and supply issues, beyond temporary measures like the HST
AI summary
The Canadian housing industry is advocating for permanent structural reforms to address affordability and supply issues, beyond temporary measures like the HST rebate. Proposed solutions include permanently increasing the HST rebate threshold for new homes and allowing mortgage interest deductibility for homeowners. These changes aim to reduce construction costs, improve home ownership accessibility, and stimulate the housing sector, which is a significant contributor to the Canadian economy.
Key takeaways
- Industry calls for permanent housing affordability solutions.
- Proposed changes include HST rebate threshold increase.
- Mortgage interest deductibility is also suggested.
Globe and Mail - Business • 2026-10-17
Bank of Canada Governor Tiff Macklem anticipates a higher inflation outlook due to elevated oil prices, suggesting the central bank may need to raise interest r
AI summary
Bank of Canada Governor Tiff Macklem anticipates a higher inflation outlook due to elevated oil prices, suggesting the central bank may need to raise interest rates. The bank is closely watching upcoming inflation data and consumer surveys before its next rate decision. While the global economy shows resilience, persistent high energy prices and other intertwined risks pose ongoing challenges.
Key takeaways
- Inflation outlook expected to be revised higher.
- Interest rate hike is a possibility.
- Elevated oil prices are a key concern.
Globe and Mail - Business • 2026-10-17
Toronto-Dominion Bank and Bank of Montreal are among nine U.S. lenders accused by a U.S. regulator of discriminating against customers based on political belief
AI summary
Toronto-Dominion Bank and Bank of Montreal are among nine U.S. lenders accused by a U.S. regulator of discriminating against customers based on political beliefs. Separately, Industry Minister Mélanie Joly warned Stelco's owner of potential divestment if planned layoffs proceed, while McCain Foods announced an acquisition in India's potato processing sector. The article also touches on the growing number of data centres across Canada and a proposed corporate tax reform aimed at boosting investment.
Key takeaways
- Canadian banks face U.S. regulatory scrutiny over alleged political discrimination.
- Stelco layoffs prompt government warning of potential divestment.
- McCain Foods expands its presence in the Indian market.
Financial Post - Banking • 2026-10-16
Toronto-Dominion Bank and Bank of Montreal are named by a U.S. regulator for alleged "debanking" practices, facing scrutiny over potential consequences. Canada
AI summary
Toronto-Dominion Bank and Bank of Montreal are named by a U.S. regulator for alleged "debanking" practices, facing scrutiny over potential consequences. Canada is increasing immigration points for high-wage earners to stimulate economic growth, impacting the labor market. A "Super El Niño" is predicted to bring a mild winter, potentially affecting natural gas demand and prices.
Key takeaways
- TD and BMO face U.S. regulatory scrutiny over "debanking" allegations.
- Canada is boosting immigration points for high-wage occupations.
- A mild winter is forecast due to "Super El Niño."
Globe and Mail - Business • 2026-10-16
Upcoming inflation data and Bank of Canada surveys will inform the central bank's interest rate decision on October 28th. While high energy prices may keep infl
AI summary
Upcoming inflation data and Bank of Canada surveys will inform the central bank's interest rate decision on October 28th. While high energy prices may keep inflation steady around 3%, signs of economic softness could influence the decision. The Bank of Canada remains in a data-dependent wait-and-see mode regarding potential rate hikes.
Key takeaways
- September inflation data and BoC surveys are due Monday.
- Inflation is expected to hold steady around 3% due to energy prices.
- Economic softness may offset inflationary pressures for the BoC.
Financial Post - Banking • 2026-10-16
Bank of Canada Governor Tiff Macklem highlighted that while Canada excels in AI innovation, businesses are slow to adopt the technology, with only a small perce
AI summary
Bank of Canada Governor Tiff Macklem highlighted that while Canada excels in AI innovation, businesses are slow to adopt the technology, with only a small percentage significantly using it in core operations. Macklem noted increased AI investment in early 2026, primarily for everyday tasks, and emphasized the opportunity for AI to boost Canadian productivity and mitigate global economic headwinds. However, he also acknowledged significant risks associated with AI adoption, including cybersecurity concerns.
Key takeaways
- Canadian businesses show low AI adoption in core operations.
- AI investment is increasing for everyday business tasks.
- Cybersecurity is a key risk of AI adoption.
Globe and Mail - Business • 2026-10-16
Bank of Montreal and Toronto-Dominion Bank are among nine lenders accused by a U.S. regulator of denying services to right-wing customers and businesses. Fairfa
AI summary
Bank of Montreal and Toronto-Dominion Bank are among nine lenders accused by a U.S. regulator of denying services to right-wing customers and businesses. Fairfax Financial Holdings is acquiring control of India's IDBI Bank in the largest foreign investment in that country's financial service sector. U.S. inflation accelerated in September, increasing the likelihood of further interest rate hikes by the Federal Reserve.
Key takeaways
- BMO and TD accused of discrimination by U.S. regulator.
- Fairfax Financial to acquire Indian bank IDBI Bank.
- U.S. inflation accelerates, raising rate hike expectations.
Globe and Mail - Business • 2026-10-16
Bank of Canada Governor Tiff Macklem indicated that sustained high energy prices pose a challenge to the current interest rate outlook. He stated that while the
AI summary
Bank of Canada Governor Tiff Macklem indicated that sustained high energy prices pose a challenge to the current interest rate outlook. He stated that while the bank has been looking past recent energy price increases, prolonged elevated levels make it more difficult to maintain the status quo. This suggests that persistent energy price inflation could influence future monetary policy decisions.
Key takeaways
- Sustained high energy prices challenge Bank of Canada's rate outlook.
- Bank has been looking past recent energy price increases.
- Prolonged high energy prices make maintaining current rates harder.
Financial Post - Banking • 2026-10-16
The Canadian Real Estate Association (CREA) has revised its 2026 and 2027 housing market forecasts downwards, citing increased fixed mortgage rates and uncertai
AI summary
The Canadian Real Estate Association (CREA) has revised its 2026 and 2027 housing market forecasts downwards, citing increased fixed mortgage rates and uncertainty around variable rates impacting sales activity. National home sales are projected to decline by 5.2% in 2026, with a modest 0.2% increase in the national average home price, followed by a 4.4% rise in sales and a 1.2% price increase in 2027. These adjustments reflect global energy crisis impacts on inflation and borrowing costs, alongside Bank of Canada rate hike expectations.
Key takeaways
- CREA forecasts a 5.2% decline in national home sales for 2026.
- The national average home price is expected to see a 0.2% increase in 2026.
- Higher mortgage rates and rate uncertainty are key factors in the revised forecast.
Financial Post - Banking • 2026-10-16
Canadian home sales saw a 2.3% month-over-month decrease in September 2026, following a recent period of modest gains. This pullback is attributed to a jump in
AI summary
Canadian home sales saw a 2.3% month-over-month decrease in September 2026, following a recent period of modest gains. This pullback is attributed to a jump in fixed mortgage rates, with further rate hikes anticipated from the Bank of Canada. The MLS® Home Price Index edged down 0.4% monthly and 3.4% year-over-year, while new listings also declined.
Key takeaways
- National home sales fell 2.3% month-over-month in September.
- Fixed mortgage rates increased, impacting buyer activity.
- Home prices saw a 0.4% monthly and 3.4% yearly decline.
Financial Post - Banking • 2026-10-16
Canadian home sales decreased by 2.3 per cent in September compared to August, primarily due to rising mortgage rates impacting buyer activity. The national ben
AI summary
Canadian home sales decreased by 2.3 per cent in September compared to August, primarily due to rising mortgage rates impacting buyer activity. The national benchmark home price also saw a 0.4 per cent dip from the previous month, reaching $652,800. The Canadian Real Estate Association has lowered its sales forecast for the year, anticipating a 5.2 per cent decline.
Key takeaways
- September home sales fell 2.3% month-over-month.
- Higher mortgage rates are impacting buyer demand.
- National benchmark home price declined 0.4% in September.
Globe and Mail - Business • 2026-10-15
A recent J.D. Power survey indicates a slight increase in Canadian customer satisfaction with banks, primarily driven by improvements from the Big Five institut
AI summary
A recent J.D. Power survey indicates a slight increase in Canadian customer satisfaction with banks, primarily driven by improvements from the Big Five institutions. While RBC maintained its top ranking among large banks, fintechs are posing a growing competitive threat, particularly to younger demographics concerned about fees and rates. Many customers remain unclear on how their banks utilize AI, with fraud prevention and data security being preferred applications.
Key takeaways
- Overall customer satisfaction with Canadian banks saw a minor increase.
- RBC ranked highest in customer satisfaction among the Big Five banks.
- Younger customers are more likely to switch banks for better rates and lower fees.
Globe and Mail - Business • 2026-10-15
Former Liberal MP Raj Grewal faces new allegations of mortgage fraud and identity theft from his father-in-law, who claims his businesses and properties were us
AI summary
Former Liberal MP Raj Grewal faces new allegations of mortgage fraud and identity theft from his father-in-law, who claims his businesses and properties were used to secure tens of millions in loans without his knowledge. Multiple lawsuits allege fraudulent diversions of client funds and unpaid loans for real estate development, with some lenders facing claims of negligence and willful blindness. National Bank of Canada is also seeking the return of mortgage funds it alleges were fraudulently diverted, with the father-in-law denying knowledge of transactions and alleging forged signatures.
Key takeaways
- Father-in-law alleges mortgage fraud and identity theft by former MP.
- Multiple lawsuits involve alleged fraudulent diversions and unpaid loans.
- National Bank seeks return of mortgage funds, citing alleged fraud.
Globe and Mail - Business • 2026-10-14
A Senate banking committee report recommends tax reforms to boost capital access for Canadian small and medium-sized enterprises (SMEs), including deferring cap
AI summary
A Senate banking committee report recommends tax reforms to boost capital access for Canadian small and medium-sized enterprises (SMEs), including deferring capital gains taxes on reinvested startup proceeds. The report also suggests expanding flow-through share tax credits to other industries and creating targeted investment tax credits to encourage SME investment. Additionally, it calls for banks to increase lending to startups and for pension funds to invest more in domestic SMEs.
Key takeaways
- Senate report urges tax changes for SME capital access.
- Recommendations include capital gains tax deferral for reinvestment.
- Calls for expanded tax credits and increased bank lending to SMEs.
Globe and Mail - Business • 2026-10-14
Fixed mortgage rates in Canada have increased despite the Bank of Canada holding its policy rate steady, as these rates are primarily influenced by Government o
AI summary
Fixed mortgage rates in Canada have increased despite the Bank of Canada holding its policy rate steady, as these rates are primarily influenced by Government of Canada bond yields. These yields reflect broader economic expectations and lender borrowing costs, with lenders adding spreads for risk and operational expenses. While bond yields fluctuate daily, mortgage rates adjust more gradually, often with a lag and a tendency to rise faster than they fall.
Key takeaways
- Fixed mortgage rates are driven by bond yields, not the Bank of Canada's policy rate.
- Lender borrowing costs and risk assessment influence fixed mortgage rates.
- Fixed mortgage rates adjust more slowly than bond yields, especially when rising.
Globe and Mail - Business • 2026-10-14
Toronto-Dominion Bank and Bank of Montreal are among nine U.S. lenders accused by the Office of the Comptroller of the Currency of denying financial services ba
AI summary
Toronto-Dominion Bank and Bank of Montreal are among nine U.S. lenders accused by the Office of the Comptroller of the Currency of denying financial services based on political or religious beliefs. The regulator's report, covering 2020-2025, found that broad reputational-risk policies lacked clear standards, leading to disadvantaged customers and restricted access for certain industries. Examples cited include BMO's approach to firearms businesses and TD's escalation process for a pro-life organization.
Key takeaways
- Canadian banks TD and BMO named in U.S. regulator's report.
- Accusations of denying financial services based on political beliefs.
- Report highlights issues with reputational risk policies in banking.