The Competition Bureau fed Canadians to the wolves when approving RBC's takeover of HSBC, and Conservative Leader Pierre Poilievre wants people to know it. “We have far too much" concentration in mortgage lending, Poilievre told BNN Bloomberg today. "We have these monstrous, government-protected behemoths that dominate

Watch bond yields long enough, and you learn to expect surprises. This time, however, it was one of the worst types of surprises: a terrorist-led atrocity. The grim tragedy in Israel on Saturday blindsided bond yields, compelling global traders to reverse course and scramble into government bonds. Investors' intention,

The other day, I heard a bond trader irreverently explain bond market action by coining the acronym: ISS. a.k.a. "It's supply, stupid." What it means is that bond traders are rapidly recalibrating their rate expectations, given the avalanche of supply hitting the government debt

Millions of Canadians expected mortgage rates to peak this year. The historic ferocity of rate hikes, an over-leveraged consumer and a 530 bps drop in inflation made that a credible bet. But there's a reason economic models and long-term rate forecasting don't work so well. They’