MLN NewsStream

U.S. core PCE inflation—the Fed’s favourite inflation tracker—rose 0.23% in August, keeping the annual pace at 2.9%. The three-month run rate is also parked at 2.9%, high above the Fed’s 2% goal, which now looks about as realistic as my plan to jog before breakfast.

Canadian growth rolled a few feet forward in July before sputtering to a halt in August. Bay Street remains divided over what the Bank of Canada should do at October's rate meeting: call a tow truck with another 25 bps jump-start, or wait and see what high octane spending is in the November 4 budget.

He’s the mortgage broker who makes competitors sweat, X trolls whimper, and mortgage shoppers applaud. Known affectionately as the “angry mortgage broker,” though really more of a passionately blunt Canadian treasure, he’s built a following by telling it exactly like it is—no sugar-coating, no velvet gloves, just hard truths served piping hot. Today's episode of Stress Test This features the one man who can make debt ratios go viral: Ron Butler.

If you want to bet on the Canadian mortgage brokers industry, you'll soon have a new way to do it.

RFA Capital Holdings recently announced a merger with Artis REIT that will create a new publicly traded company called RFA Financial.

The retooled firm’s revenue model will revolve around brokers and be centred on RFA Bank, which is a top-10 lender in the broker market.

"We're focused solely on the broker channel and not deviating from that," RFA's CEO Ben Rodney told MLN in an exclusive interview.

Rodney was kind enough to walk us through why this partnership is logical and why Canada’s mortgage world may soon take notice.

Welp, people might not be able to afford steak at the grocery store anymore, but at least floating borrowing costs dropped.

So now that the overwhelmingly anticipated 25-beep cut arrived on cue, what does the BoC have planned for an encore?

Here's some visibility on that, plus nine key nuggets from today's announcement.
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