It’s been less than a year, and Canadian biggest banks have already returned to their usual income growth, even compared with pre-pandemic results. All Canada’s six largest banks reported higher net income over the three months through January than in last year’s fiscal first...

Over the last few days we’ve got more than 5 different banks increased their fixed mortgage offerings. If trend to continue we will kiss “goodbye” to below 2% rates very soon. We’ve already seen rate rises by 0.10-0.30%, depending on the bank and term. Moreover,...

It turns out there’s one similar thing among Canadians who lost their jobs in 2020 because of the COVID-19 pandemic – they all earned $27.81 an hour or even less. However, the largest drop was seen in case of those whose income was even...

According to the recent forecast from a Bay Street economist, the central bank will hardly raise its key lending rate ahead of the U.S. Federal Reserve. “There’s not so much time for the Fed to start acting. But still, in my opinion, we can...

The recent report by Statistics Canada shows that mortgage debt rose sharply amid the COVID-19 pandemic. However, the expected credit losses are still under control. In 2020, mortgage borrowing reached a record high level, as Canadians added almost $108 billion in mortgage debt. Meanwhile,...