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. 

Stronger multi-unit construction pushed total permit values up 6.8% to $12.8 billion, while single-family building continued to soften.

The country's national housing agency says it expects home sales to pick up this year, though demand is forecast to remain below historical averages as the economy grows slowly.

U.S. stocks advanced as investors examined the first of several key economic data releases this week in an attempt to find clues on the Federal Reserve’s interest-rate path.

Asking rents in Canada fell two per cent year-over-year in January to an average of $2,057, marking the 16th consecutive month of annual rent decreases.