Spring mortgage season is bringing better fixed-rate deals, but not all borrowers are seeing relief. While lenders continue trimming fixed rates, discounts on variable rates are shrinking. If you’re in the market for a mortgage this spring, you’ve probably noticed fixed rates are continuing to trend lower.   That’s thanks in large part to falling bond […]

Canadian Inflation surged to 2.6% in February, much stronger than expected. The Consumer Price Index (CPI) rose 2.6% year-over-year (y/y) in February, following an increase of 1.9% in January. With the federal tax break ending on February 15, the GST and HST were reapplied to eligible products. This put upward pressure on consumer prices for those items, as taxes paid by consumers […]

US president vows massive retaliation to Ontario energy tariffs, repeats annexation threats Donald Trump’s trade war continued to roil financial markets on Tuesday as the US president announced he was doubling tariffs on Canadian steel and aluminum and vowed massive further retaliation against Canada for Ontario’s electricity surcharge. The S&P 500 slid to a six-month […]

President Donald Trump has officially confirmed that tariffs on Canadian and Mexican imports will go into effect on March 4, 2025, following his comments earlier this week suggesting a delay. Trump plans to impose a 25% tariff on imports from Mexico and Canada, while applying a reduced 10% tax on Canadian energy products, including oil […]