Wells Fargo profit beats, but shares fall on interest income
Wells Fargo reported stronger-than-expected Q4 profit, but its stock fell as net interest income missed forecasts. The mixed results highlight challenges for major banks.
Category : Search result: Mark Carney conflict of interest
GOP Rejects Trump's 10% Credit Card Interest Rate Cap
Republicans in Congress push back on President Trump's proposal to cap credit card rates at 10%, citing market concerns. Details on the populist policy clash ahead of 2026.
Bank CEOs Clash with Trump Over Fed Probe, Credit Card Rate Cap
Top Wall Street CEOs, including JPMorgan's Jamie Dimon, warn President Trump that his attacks on the Federal Reserve and proposed 10% credit card interest rate cap will damage the U.S. economy. Read the details.
Stocks Near Records After Inflation Data Opens Door to Rate Cuts
Major stock indices hover near all-time highs following a key inflation report that keeps potential interest rate cuts in 2026 on the table. Analysis of market reaction and economic outlook.
Majority of Americans Want Fed Independent from Trump
New polling reveals strong public support for Federal Reserve independence amid Trump's pressure on Jerome Powell. See the data and political fallout.
DOJ Serves Fed with Subpoenas, Powell Vows to Stand Firm
U.S. Federal Reserve Chair Jerome Powell says the central bank received grand jury subpoenas from the Justice Department, marking a dramatic escalation in tensions with the Trump administration. Read the full story.
Powell: DOJ Subpoenas Threaten Fed Independence
Fed Chair Jerome Powell says DOJ subpoenas are a pretext to undermine central bank independence after it resisted Trump's pressure to cut rates. Read the latest.
Trump's 10% Credit Card Rate Cap Plan Faces Bank Opposition
Former President Trump proposes a 1-year, 10% cap on credit card interest rates, sparking immediate backlash from major financial institutions. Explore the potential impact on consumers and lenders.
Trump Calls for 10% Credit Card Interest Cap
Former President Donald Trump pledges a one-year cap on credit card interest rates at 10%, starting in 2026. Bipartisan legislative efforts echo the call, but specifics on enforcement remain unknown.
2026 Mortgage Predictions: Variable Rates Gain Popularity
Ratehub.ca expert Penelope Graham forecasts a shift to variable-rate mortgages in 2026, but warns many renewing homeowners will still face higher payments. Get the full analysis.
Unemployment rises to 6.8% as labour force grows
Canada's jobless rate edged up to 6.8% in December as more people searched for work. The economy added 8,200 jobs, with gains in healthcare offset by losses in professional services. Read the full analysis.
Weak Jobs Data Ends Rate Hike Talk for 2026
Canada's December jobs report shows a cooling labour market, leading economists to rule out a Bank of Canada interest rate hike this year. Read the analysis.
Freeland to vacate Commons seat after Ukraine advisory backlash
Former Liberal finance minister Chrystia Freeland will resign her seat by week's end following criticism over her unpaid advisory role with Ukraine's government. Read the full timeline of events.
Tories urge Freeland to resign seat over Ukraine advisor job
Deputy Conservative Leader Melissa Lantsman calls for Chrystia Freeland to resign her MP seat immediately after accepting a voluntary economic advisor role with the Ukrainian government, citing conflict of interest.
Steady Rates to Stabilize Toronto Real Estate in 2026
After a turbulent 2025, stable interest rates and lower prices could restore confidence in Toronto's housing market this year, potentially boosting sales volume. Read the analysis.
Person of Interest Sought in Ohio Dentist Double Murder
Columbus police seek a person of interest in the shocking double homicide of dentist Spencer Tepe and his wife Monique. No arrests have been made. Learn the latest details.
Deloitte Cuts Canada's 2026 GDP Forecast to 1.5%
Deloitte Canada revises its 2026 economic growth outlook downward, predicting a sluggish first half before a potential rebound. Read the full analysis and implications for interest rates.
Freeland's MP Role While Advising Ukraine Draws Criticism
Chrystia Freeland faces scrutiny for delaying her resignation as MP while taking an unpaid advisory role with Ukraine's president. Critics call it a conflict of interest. Read the full story.
Canada signs pact to secure Ukraine after peace deal
Prime Minister Mark Carney commits Canada to a multinational security agreement for Ukraine, pledging long-term support following a future peace settlement. Details emerge from Paris meeting.
No Law Stops Canadian MPs from Working for Foreign States
A loophole in Canadian law allows MPs to accept jobs with foreign governments while in office, as shown by Chrystia Freeland's appointment by Ukraine. Discover the rules and implications.
Investor Guide 2026: AI and Inflation Risks Loom
Markets soared in 2025, but 2026 brings risks from frothy AI valuations and persistent inflation. BlackRock warns investors need a 'Plan B'. Read the analysis.
Israel's 'Absolute' Determination to Disarm Hamas: Military Chief
Israel's top military commander reaffirms an unwavering commitment to dismantling Hamas's military capabilities. Get the latest details on the ongoing situation.
Fed Minutes Show December Rate Cut Decision Was a Close Call
Newly released Federal Reserve minutes reveal internal debate over the December interest rate cut, highlighting a divided committee. Discover the key arguments and economic outlook.
Canadian Stock Market Growth to Moderate in 2026
Following two years of double-digit gains, including a near 30% surge in 2025, the S&P/TSX Composite is expected to deliver more muted returns of 5-10% in 2026. Key strategists weigh in on the outlook.
2025 Fed Minutes to Expose Policy Divisions
The Federal Reserve's final 2025 meeting minutes, due for release, are expected to highlight significant internal divisions over the path for interest rates and inflation control. Discover the key insights for markets.
Canadian Dollar Expected to Bounce Back in 2026
Following a disruptive 2025, the Canadian dollar is gaining momentum, with analysts predicting a rise to 75-76 cents USD. Optimistic data and shifting interest rate differentials fuel the recovery. Read the full forecast.
Mark Carney's improbable 2025 political victory analyzed
An analysis of Prime Minister Mark Carney's historic 2025 election win, overcoming a massive polling deficit as a political novice. Explore his achievements and challenges eight months into his mandate.
Carney's Ambassador Pick Sours Quebec Relations
PM Mark Carney's appointment of Mark Wiseman as U.S. ambassador draws ire in Quebec over his Century Initiative ties and criticism of supply management, fueling federal-provincial tensions.
BoC Sees CUSMA Review as 'Significant Risk' to Outlook
Bank of Canada policymakers warn the upcoming CUSMA trade deal review poses a 'significant risk,' creating uncertainty for business investment and future interest rate moves. Read the full analysis.
5 Things to Know About Canada's Cost of Living Crisis
Inflation, food prices, and interest rates strained Canadian wallets in 2025. Explore five crucial facts about the affordability crisis and its impact.
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