CIBC and TD have been dues-paying members of the "shrinking discount" club. The two megabanks sliced another 10 bps off their discounts from prime rate this week. Their moves are just the latest in an ongoing trend.

Big 6 banks are doing some spring cleaning of low-margin rates. Lenders are usually quite competitive in April, but spreads (chart below) are getting too tight to hold the line. That's leading to modest jumps of 5 to 15 bps at the majors on a variety of fixed

Jerome Powell runs a little central bank you might have heard of called the U.S. Federal Reserve. It's only the most influential monetary force in the global bond market — essentially the sun that our financial solar system revolves around. People will say what they will about Powell,

Those with variable-rate mortgages will need to keep their champagne on ice; the Bank of Canada isn't ready to pop the cork on lower rates just yet. Instead, it left its policy rate at its estimated "neutral" level of 2.75%. For mortgage shoppers, we'