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The BoC’s Ongoing Headache—Hawkish Consumers

Monday's highly anticipated Bank of Canada inflation surveys came with two revelations: 1. Businesses have quietly surrendered pricing power to weak demand, despite relentless input costs. (Rate friendly) 2. Consumers are still bracing for tariff-fuelled price hikes. (Rate unfriendly) Here’s a look at the reports' surprises

Nesto’s Stake in Maple Heats Up the Non-Prime Market

Nesto Group, the VC-backed mortgage fintech with $73 billion of mortgages under administration, has taken a 20% stake in alternative lender Maple Financial. The investment was made through CMLS, nesto's lender subsidiary. The two companies call it a "technology-driven partnership designed to accelerate product development [and] expand
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