Canada's economy sailed above expectations in the first quarter. The better-than-expected growth came with a big asterisk (it was driven by U.S. tariff front-running), but it was welcome nonetheless. * Headline GDP rose 2.2% annualized in Q1 (est. 1.7% | prior [Q4] 2.1%) * April GDP (advanced

Canadian mortgage rates aren't just moved by domestic inflation but by U.S. inflation too, especially by the Fed's favourite core PCE measure. On that note, today's April core PCE numbers hit the Street's target with the precision of a Swiss watchmaker:

It's been getting harder for banks to make money, as evidenced by today's rare RBC profit miss. A big culprit is the evolving economic forecast, one which now reads "more dreary with a chance of defaults." That's leading banks like RBC to