Canada would be better off if pesky variable-rate mortgages with fixed payments were "less prevalent," says our banking regulator. Oftentimes, when rates surge, their "fixed payments do not cover the interest payments and mortgage principal outstanding grows," said Superintendent Peter Routledge in a keynote speech at

The Bank of Canada, widely known for its plot-twist-worthy decisions, went for the predictable ending this round. It left its key policy rate at a 22-year high of 5.00% - just as the bond market expected. Compared to a 25 bps hike, today's rate pause saved an

WealthOne Bank of Canada is one of the most competitive near-prime lenders. So, it was concerning to hear that it's under Finance Minister Chrystia Freeland's microscope. Her scrutiny of the company was reported by the Globe this weekend. In a nutshell, the DoF made the company

It's always interesting to check in with mortgage fintechs like Pine. After all, if investors like Greylock Partners, Inovia Capital and Intact Ventures value the company at $75 million and hand them $30 million, they must be doing something unique. On Sept. 11, Pine unfurls itself nationally across