The pace of homebuilding in Canada continues to slow with no near-term signs of a turnaround, said Canada Mortgage and Housing Corp. on Monday.

Peter Routledge, who leads Canada’s bank regulator, fired back against criticisms that the country’s biggest lenders face onerous capital burdens, arguing that current regulations are instead in a “Goldilocks zone.” 

U.S. inflation was fairly mild at the start of the year, defying concerns for a bigger jump and boosting expectations that the Federal Reserve will deliver more interest-rate cuts.

More than 17,000 agents and brokers must log mandatory training hours — including a new professional development requirement — with FSRA by March 31 to renew their licences.

The Bank of Canada’s second-in-command is warning of future inflation risks if investment in artificial intelligence is concentrated among the country’s big companies.

Getting your mortgage renewed can be stressful for some homeowners, but getting a non-renewal from your lender can take that stress to a whole new level. 

Sales of previously owned U.S. homes fell in January by the most in nearly four years, a month marked by a massive winter storm. 

The province’s new program lets eligible first-time buyers purchase with just two per cent down through select credit unions, but brokers warn the trade-offs could limit flexibility and increase long-term costs.

Federal Reserve Bank of Kansas City President Jeff Schmid said the U.S. central bank should hold rates at a “somewhat restrictive” level, as he expressed continued concerns over inflation that remains too high.

The Bank of Canada’s governing council says recent U.S. actions on trade, foreign policy and central bank independence are making the world “more turbulent” and escalating uncertainty.