Monthly Archives: December 2024

Some 1.2 million Canadian mortgages are set to renew in 2025. In 2021, those taken out with 3—to 5-year terms had an average interest rate of 2.05%. Today, even after 125 basis points of overnight rate cuts from the Bank … Continue reading →

U.S. president-elect Donald Trump and his incoming border czar claim their country’s northern border with Canada is a threat to national security. Andrew Chang breaks down the basis of the claims about drugs and illegal migrants streaming into the country … Continue reading →

This morning, we learned that Canada’s unemployment rate rose to 6.8% in November, the highest since September 2021 and January 2017. It is now up 200 basis points (bps) from the cycle low of 4.8% in June 2022 and has … Continue reading →