As is standard on the first of every month, MLN's Amortization Simulator was updated yesterday to reflect the latest market-implied Bank of Canada rate path. Click here for the latest version. The first thing you may notice about the new spreadsheet is that markets still expect 200 bps

We've received multiple anecdotal reports of banks cutting back credit card limits for customers who've been paying as agreed. These are high FICO score customers who've had no delinquencies. One can imagine what's happening to folks who have actually missed a payment.

Last year, Jason Provencher, Vice President, National Sales at Bridgewater Bank, knew that surging borrowing costs meant his bank had to react or it would lose market share. “With the sharp rise in rates, less and less people are qualifying and there’s more stress on clients coming up for

The Bank of Canada's TTFC ("time to first cut") has now been pushed out to early Q2 2023. That comes on the heels of today's ugly U.S. PCE report which showed inflation accelerating—more on that below. There are few better indicators of