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Globe and Mail - Business - 2026-10-16
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.
What this could mean for homebuyers
Mortgage news can affect fixed rates, variable-rate expectations, affordability, and buyer timing. Use this article as context, then compare today's rates or ask the AI Mortgage Advisor how it applies to your situation.