Sharply growing real estate prices in many regions of Canada mean parents have to help their children purchase homes with gifts that are becoming larger. According to CIBC deputy chief economist Benjamin Tal, almost 30% of home buyers received help from relatives over the previous...

Global bond market is facing yield gains in October, and Canada is not an exception. This week, we’ve seen the Government of Canada’s (GOC) five-year bond yield going up again. The yield rose from 0.85% reported at the end of September to 1.37%. Such...

According to traders, the central bank will have to start raising its key lending rate sooner than expected. This will be a serious challenge for the Governor Tiff Macklem. The swaps market is leaning towards a forecast of an earlier rate increase in 2022,...

The recent poll by Retail Council of Canada survey shows that Canadians plan to spend more during this holiday season than a year ago, as they are ready to return to stores a year after the COVID-19 pandemic forced many to switch to online...

Next time you’ll be asked about your plans on spending pandemic savings, think twice, as the future of interest rates in Canada may depend on your answer. David McKay, chief executive of RBC, Canada’s largest lender and second-biggest company by market capitalization after Shopify...