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Banks lower prime rates in line with Bank of Canada rate cut
Financial Post· 20 hours ago...All of the big six banks including Royal Bank of Canada, Toronto-Dominion Bank, Bank of Montreal,...
Just over 80% of new condo investors in Toronto are losing money on their rentals
The Globe and Mail· 3 hours ago...condo market is “clearly in recessionary territory with conditions deteriorating to levels not seen in decades,” said the report authored by condo research firm Urbanation Inc. president Shaun Hildebrand and Canadian Imperial Bank of Commerce deputy chief economist Benjamin Tal.
Shorts Bet Big Against Canada’s Banks as Lending Looks Dicey
Bloomberg via Yahoo Finance Canada· 3 hours ago(Bloomberg) -- Traders are betting against Canada’s biggest banks as the risk of mortgages and other...
Bank of Canada Changes Tune as Consumers Show They’re Hurting
Bloomberg via Yahoo Finance Canada· 19 hours ago(Bloomberg) -- Bank of Canada Governor Tiff Macklem is so confident the central bank has crushed...