Canada’s trade deficit last year widened to $31.3 billion, marking the largest annual shortfall on record outside of the COVID-19 pandemic, as U.S. tariffs hammered key export sectors.

CIBC is warning that cracks forming in the housing market will weigh on the economy as construction lags and homeowners keep a tighter grip on their wallets.

As it builds market share in insured and insurable lending, Highclere Capital is turning to an uncommon strategy: paying brokers at renewal to strengthen long-term partnerships.

The Canadian Real Estate Association says home sales in January fell 16.2% compared with a year earlier as southern Ontario was hit by a massive winter storm.

Canada’s top bank regulator says lenders haven’t pushed to remove the stress test and reiterated how loan-to-income limits fit into the framework, while weighing in on renewal risks, private lending growth, AI-driven fraud and the industry’s outlook.

Canada’s headline inflation rate slowed slightly to 2.3% last month, versus economist expectations for it to hold steady at 2.4%, as last year’s temporary federal sales tax break continued to push up annual price growth. 

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.