From 2008 to 2021, Canada's household debt soared from 80% of GDP to 107%. U.S. household debt-to-GDP slid from 100% to 75% in that same timeframe. To belabour the obvious, Canada has a worsening debt problem. And that problem could theoretically come to a head if/when

Despite the high probability that a U.S. debt limit deal will be reached by the Treasury's June 1 deadline, traders took U.S. yields higher on Tuesday. Hawkish Fed chatter added further fuel to the gains. All that U.S. drama dragged Canadian yields higher in sympathy.

Investors get a bad rap. In a new report released today, StatsCan says: "While investors can provide needed rental stock, they have also been found to exacerbate house price volatility and can limit housing market access for first-time homebuyers." Investors seldom get the credit they deserve for improving

Rate-weary mortgagors have been waiting for this signal. The Fed Chair has suddenly shifted his tone and now appears more willing to let high rates do their work, with potentially no further hikes...for now. Here was Jerome Powell's money quote from Friday: