Three Warning Signs of Mortgage Default Identified
Bank of Canada research reveals three key patterns that precede mortgage delinquency, as residential mortgage debt reaches $2.4 trillion, representing 74% of household debt.
Category : Banking Finance
Capital Gains Deferral as Productivity Tool for Canada
Kim Moody argues that capital gains deferral mechanisms could unlock trapped capital and boost Canada's lagging productivity, drawing parallels to international models like Estonia's reinvestment-friendly system.
JPMorgan Hires Scotiabank's Innovation Head for Canadian Tech Expansion
JPMorgan Chase has recruited David Rozin from Scotiabank to head its Canadian innovation economy unit, aiming to expand banking services for tech firms in one of the world's top innovation markets.
Dimon Warns Inflation Could Be 'Skunk at the Party' for Economy
JPMorgan Chase CEO Jamie Dimon cautions that persistent inflation risks could disrupt the U.S. economy, citing geopolitical tensions and competitive lending practices as potential triggers.
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Supply Shocks Could Force Bank of Canada Rate Hikes in Weak Economy
Deputy Governor Sharon Kozicki explains how supply-side shocks like trade tensions and AI are complicating inflation control, potentially requiring rate hikes even during economic weakness.
Caisse Exec: Private Credit Concerns Overblown
Vincent Delisle, head of liquid markets at Caisse de Depot, argues market anxiety about private credit is exaggerated despite recent industry challenges. The pension fund plans significant expansion in this asset class.
Blankfein Warns of Financial Complacency, Urges Crisis Planning
Former Goldman Sachs CEO Lloyd Blankfein cautions that complacency has grown since 2008, urging the finance industry to prepare for another potential crisis through aggressive contingency planning.
Bank of Canada: Rate Hikes Needed Even in Weak Economy
The Bank of Canada emphasizes that interest rate increases can be essential to combat inflation, even during periods of economic slowdown, highlighting a cautious monetary policy approach.
Barrie Police Report Surge in Tax Scams During Filing Season
Barrie police are warning residents about a significant increase in tax-related scams as Canadians file their returns. Authorities urge vigilance against fraudulent calls and emails.
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Counterfeit Cash Reported in Florenceville, New Brunswick
A business in Florenceville, New Brunswick, reported receiving a counterfeit $100 bill on February 26, 2026, prompting warnings from local authorities about vigilance in cash transactions.
Court: Unvested Equity Payable in Wrongful Dismissal
A recent Ontario Superior Court decision mandates that employers compensate terminated executives for unvested restricted stock units during notice periods, highlighting legal risks in equity agreements.
WestJet at 30: Financial Tips on Mortgages, Markets, Copper
As WestJet celebrates 30 years, FP VideoPlus explores mortgage renewal advice, volatile market strategies, and copper demand drivers. Expert insights guide investors and homeowners.
RBC High-Yield Desk Hit by Staff Exodus After First Brands Losses
Royal Bank of Canada's high-yield credit team has lost at least five analysts and traders in recent weeks, with departures linked to losses from the First Brands Group collapse. The exodus includes moves to major firms like Morgan Stanley and UBS.
Invico's Liquidity Plan Addresses Private Credit Redemption Risks
Calgary-based Invico Capital Corp. has initiated a structured liquidity management plan for its Diversified Income Fund as private credit firms face increasing redemption pressures across the $1.8 trillion market.
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Alberta vs B.C.: Divergent Budget Paths Amid Deficits
Alberta and British Columbia present contrasting budgets with significant deficits. Alberta leverages growth and fiscal discipline, while B.C. faces population decline and increased spending.
Ontario Advisor Gets 5.5 Years in Prison for Fraud
A disgraced financial advisor from Ontario has been sentenced to 5.5 years in prison and fined $1.3 million for fraud, following a court ruling in Barrie.
Calgary RBC Reopens After Safety Threat Closure
Royal Bank of Canada locations in Calgary have reopened after a city-wide closure prompted by threatening phone calls. Police apprehended a suspect following an investigation.
Saskatchewan Tops Mortgage Delinquency for 8 Years Straight
Saskatchewan has maintained the highest mortgage delinquency rate in Canada for eight consecutive years, highlighting ongoing financial stress in the province's housing market.
Weak GDP Challenges Bank of Canada's Q1 Forecast
Despite stronger-than-expected December GDP growth, economists warn Canada's economy may fall short of Bank of Canada's 2026 projections, keeping rate cut discussions alive.
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Epstein Files Expose Deutsche Bank's Family Office Secrets
Thousands of Deutsche Bank documents released in the Jeffrey Epstein investigation reveal private details of family offices managing fortunes for the world's wealthiest individuals, raising reputational concerns.
U.S. Debt Reliance on Allies Grows Under Trump Policies
Analysis reveals U.S. allies purchased $463.9 billion in Treasuries in 2025 while non-allies sold $125.24 billion, highlighting vulnerability in $30 trillion market as Trump's unpredictable decisions rattle investors.
Royal Bank Calgary Branches Closed After Safety Incident
Multiple Royal Bank of Canada branches in Calgary were temporarily closed due to an undisclosed safety incident, with signs posted at locations like Northland indicating the shutdown on February 26, 2026.
Alberta Minister Horner to Discuss $9.4B Deficit in Calgary
Alberta Finance Minister Nate Horner is heading to Calgary to discuss the 2026 provincial budget, which projects a $9.4 billion deficit expected to persist for three years, amid rising property taxes and fiscal challenges.
Laurentian Bank Posts $20.5M Q1 Loss During Overhaul
Laurentian Bank of Canada has announced a first-quarter net loss of $20.5 million as it undergoes a significant strategic transformation. The Montreal-based institution is restructuring operations to improve efficiency and future profitability.
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Court Upholds CRA Penalties for Late Foreign Holdings Filing
A British Columbia taxpayer's appeal for relief from CRA penalties for late filing of foreign property forms was denied by the Federal Court, highlighting the strict enforcement of T1135 requirements.
Analysts Raise Bank Targets After Strong Q1 Earnings
Financial analysts have increased price targets for Royal Bank, TD Bank, and CIBC following better-than-expected first-quarter results, citing resilient ROE and margin performance.
Big Six Banks Exceed Expectations, Hit $19B Q1 Profit
Canada's largest financial institutions reported a combined $19 billion in first-quarter profits, outperforming analyst predictions amid strong capital health and diversified business execution.
IMF Approves $8.1B Ukraine Loan with $1.5B Immediate
The International Monetary Fund has approved a substantial $8.1 billion loan package for Ukraine, with $1.5 billion to be disbursed immediately to support the nation's economy amid ongoing conflict.
Floating Rates Attract Borrowers Despite Economic Risks
Despite economic uncertainty and threats from U.S. trade, Canadian borrowers are increasingly opting for variable mortgage rates, which offer lower initial costs and prepayment penalties compared to fixed rates, according to mortgage strategist Robert McL
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Top Money Managers Favor Emerging Markets, Citi Says
Citigroup analysis reveals global asset managers overseeing over $20 trillion are increasing long positions in emerging markets across Asia, Latin America, and EMEA, fueling a record rally.
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