Part 2: The Merchant Loyalty Industrial Complex Collapse  

fsim.ca/docs/Credit_cards_Part_2v4.pdf

Mark Sibthorpe

Since November 2, 2021, Loyalty Ventures Inc.'s (Airmiles) market cap has decreased from $861.42M to $2.11M, a decrease of -99.75%. This compares closely to 2018, when Aimia sold Aeroplan back to Air Canada and partners TD and CIBC for $238 million. For reference, in 2005 Aeroplan launched an IPO valuing it at $2 billion. Related to Aimia’s downfall, it had also previously sold the UK Nectar program to Sainsburys for $120 million, $580 million lower than it paid for Nectar in 2007.

This report digs under the surface and uncovers why loyalty is going the way of the dodo.

Merchants should not waste time fighting card networks  

fsim.ca/docs/Card_fees_ongoing.pdf

Mark Sibthorpe

This is part one of a two part assessment of merchant frustration due to high credit card fees. The second part of this report will outline an alternative approach that merchants can consider. An approach that is a win for them and also for the card networks.

The full story of SVB March 12th, 2023  

fsim.ca/docs/SVB_special_report2.pdf

Mark Sibthorpe

Aggregated news and research related to SVB. Apart from SVB, included in this report is related news with respect to other banks and non-traditional companies looking to add financial services that also appear risky.

March 2023 bank earnings summary  

fsim.ca/docs/bankearningsfriday.pdf

Mark Sibthorpe

This report provides a snapshot into recent bank earnings and related news as published in fsim.ca reports.

Real estate report: October 30th, 2020  

fsim.ca/docs/Oct30rereportv1.pdf

Mark Sibthorpe

The big buzz in real estate recently is Mark Carney being scooped up by Brookfield. This means more juice for riskier borrowers. Brookfield, a huge player in real estate, both residential and commercial, recently bought its remaining shares from Sagen (Genworth MI Canada), which values the company at $3.8 bn.

VersaBank’s New High-Security VPN Proving Especially Valuable During COVID-19 Pandemic  

fsim.ca/docs/TailscaleReleaseMarch30FINAL.pdf

Press Release

2014 FSIM when Bernanke visited Montreal  

fsim.ca/docs/MockBernanke.pdf

Mark Sibthorpe

Considering Bernanke is hated by the Republicans and hated even more by the Democrats, and is currently under scrutiny for saving AIG but not Lehman, (in hindsight) with respect to issues over solvency vs liquidity, the Montreal lovefest attended by 1,100 people yesterday must have been a welcome respite. Click the link to read the entire 2014 report.

Eisman's big Canadian bank short  

fsim.ca/docs/eisman2.pdf

Mark Sibthorpe

I have been reporting on Steve Eisman's short position for quite some time.  As the analyst reaction to Eisman shows (link below), Eisman has taken a lot of heat for shorting Canadian banks. Instead of capitulating, in September 2019 he publicly disclosed the fact that he added Canadian Tire to his position, He explains the rationale for this in a BNN interview late 2019. Essentially, his big concern with respect to banks was non-performing loans in Alberta. He feels Canadian bank CEOs are not prepared for a credit cycle. He specifically referenced ATB (a private bank) in discussing his concerns. Looking at the numbers today, my guess is that he has made off like a bandit.

VersaBank Beta-Testing Its New, High Volume Mortgage Finance App   

fsim.ca/docs/VBCortelMortFinanceAppFeb62020.pdf

Press Release

VersaBank announces it is initiating beta-testing on its newly developed high-volume mortgage software app with the Cortel Group, one of Canada’s largest home and condominium builders. The app, named “Direct Connect”, was designed to facilitate and significantly reduce the lengthy finance approval process typically experienced by home buyers when visiting home and condo pre-construction sales offices.

How and why you need to defend your brand against disruptors  

Mark Sibthorpe

Technology, and being open to opportunities, has preempted transformation in banking. At the top of change are Mint, PayPal and ApplePay; three examples of transformative solutions that are now ubiquitous. On the horizon: Uber and Google, both having recently announced partner based banking services. Further down in the plumbing is Duca Impact Labs, Versabank, and Revolut. This report shows how cost conscious FIs can, not only stay relevant in the face of adversity, but punch well above their weight. All thanks to creative thinking and the ongoing commoditization of technology.

Kick the can(nomics)  

fsim.ca/docs/Kick.pdf

Mark Sibthorpe

Canada has used consumer debt to provide life support to the economy. This strategy which basically pushed the day of reckoning to the next government was old back in 2014, and now is well past its sell-by-date. Recognizing this, and desperate to keep the economy out of a recession, Trudeau is spending more money now than any government in Canadian history. This report disusses a possible alternative.

ScoreCard Bill Morneau, Canada's Minister of Finance  

fsim.ca/docs/ScoreCardMorneau.pdf

Mark Sibthorpe

This report is a scorecard I designed in order to rank the performance of the current Minister of Finance, Bill Morneau. I do regular rankings because, otherwise, I cannot measure the performance in a meaningful way. The scoring is based on a variety of metrics as detailed on the ‘score-table’ on page 3. Examples of the criteria and weighting include:

Observations and overview of 2018 NB flood support from government and insurance companies.  

fsim.ca/docs/Observations and overview of 2018 NB flood support from government and insurance companies..pdf

Mark Sibthorpe

Flood aftermath is linked to post traumatic stress. Here are some findings from a study conducted by Queensland University following a flood:

"The findings showed that aftermath stress contributed to poor mental health outcomes over and above the flood itself, prior mental health issues and demographic factors," Ms Dixon said.

"Aftermath stress was the strongest predictor of post-traumatic stress symptoms with 75 per cent of people saying the most difficult aspect was the aftermath and dealing with insurance companies," she said.

With this in mind, I felt it was important to understand how New Brunswick flood victims were treated.

Update Argentina: a sign of the times  

fsim.ca/docs/Update Argentina_ a sign of the times.pdf

Mark Sibthorpe

Argentina is in the news daily because the situation is dire, and may be an indication of further contagion. The most dramatic story that speaks of the a leading cause of its troubles was the recent arrest of the public works secretary, Jose Lopez. June 15th he was caught hiding millions in cash in a monastery. No this is not a plot for a comedy.

Summary of Canada's flood news, 2017 to present  

fsim.ca/docs/Summary-of-flood-news-2017-present.pdf

Mark Sibthorpe

This report covers flood news in Canada from 2017 to present and highlights the relevent issues for home-owners and the insurance industry.

Banking on Pot  

fsim.ca/docs/c10191_banking-on-pot.pdf

SBS

As states across the US legalize marijuana for both medicinal and recreational purposes, it has fueled a growing industry of marijuana related businesses (MRBs).

Canadian banking industry overview  

Mark Sibthorpe

The industry overview is divided into 5 parts:

Introduction
Small banks
Small medium sized banks
Medium sized banks
Medium large banks

2014 Mobile payments the Apple pay way  

fsim.ca/docs/Mobile_Payments_Apple_Pay_2014.pdf

Mark Sibthorpe

With Walmart Pay about to userp Apple Pay, I thought I would share my 2014 book on mobile payments and loyalty. The guilde was written for Merchants that want to understand loyalty, credit, mobile payments and Apple Pay, but anyone involved with credit and loyalty might find it useful.
The book is a prelude to Walmart leaving MCX, and chronicles the evolution that led to Walmart Pay. There is an extensive case study of Walmart that looks into its efforts to become an ILC and to avoid paying credit card transaction fees ('merchant discount').
It offers readers a step-by-step methodology for evaluating and transforming credit and loyalty programs. The strategies are based on proven examples and industry facts. The Nectar, Target, Canadian Tire and Walmart case studies are examples of the practical approach I have taken, written with the intent that merchants can use them as blueprints for their own initiatives. 

Death to bitcoin, long live the blockchain   (See full report)

Mark Sibthorpe

Jamie Dimon calls bitcoin a fraud used by criminals, yet he has jumped into the blockchain with both feet.

TD bank industry conduct  

fsim.ca/docs/tdind2.pdf

Mark Sibthorpe

TD’s share price recently collapsed by $7 bn in one day due to CBC’s allegations of aggressive selling tactics. A huge fall from a bank that was trading at a premium as recently as January. This was even before the most recent allegation of TD attempting to avoid paying taxes on advertising.
This report chronicles the events leading up to the collapse, shows TD's performance, analyses other related issues.

Book review: Back from the Brink  

fsim.ca/docs/backbrink.pdf

Mark Sibthorpe

This is a book review of the book Back from the Brink by Paul Halpern, Caroline Cakebread, Christopher C. Nicholls and Poonam Puri.

Footnote 151  

fsim.ca/docs/footnote151.pdf

Mark Sibthorpe

Footnote 151 implies an important regulatory change related to derivative contracts. It means that US Banks will not be required to hold as much capital against commodities. If you want to understand the implications of this regulatory change in more detail, see the enclosed related article detailing the changes. For contextual purposes, I have also included two Rolling Stones Magazines reports from 2010 and 2014 that chronicle the role large US banks have played in manipulating commodities. You might question the credibility of these sources, but rest assured, these reports are based on United States Senate hearings which outline the issues in a 396 page report related to the implied risks. 

Save the Canadian economy now  

fsim.ca/docs/helecopter-money.pdf

Mark Sibthorpe

Consumer debt spending appears to have insulated Canada from the worst of the credit crisis, but now the alarming magnitude of consumer debt ($1.92-trillion) could exacerbate a day of reckoning.
This report assesses the issues at hand and recommends the solution to get Canada's economy on track.

Reasons financial service companies should consider gamification  

fsim.ca/docs/GamingEventProposal-printsample--en-final.pdf

Mark Sibthorpe

Gamification of business processes resulted on Mint.com growing to 10 million users within 4 years. This report explains how.

National Bank Special Report  

fsim.ca/docs/NatBSpec.pdf

Mark Sibthorpe

According to Bloomberg, National Bank of Canada will take a C$64 million ($48 million) restructuring charge in the fourth quarter and said its investment in Maple Financial Group Inc., which is being probed by German regulators, may be at risk of a “substantial loss.”

Will Canadian banks charge companies for deposits?  

fsim.ca/docs/depgrowthimpact2.pdf

Mark Sibthorpe

In light of today’s possible rate cut, this report discusses how a bank rate cut and capital ratio pressure could precipitate negative corporate deposit interest rates in Canada.

Canadian Tire's (CTC) - Canadian Tire Financial Services (CTFS) Scotia deal overview and risk assess  

fsim.ca/docs/ctfsfinal.pdf

Mark Sibthorpe

Review of the Canadian Tire Financial Services deal with Scotiabank, risks, opportunity and benefits.

Finance minisiter scorecard August 26, 2015  

fsim.ca/docs/Scorejo-August-2015.pdf

Mark Sibthorpe

This report looks at Joe Oliver, minister of finance’s progress to date, and assigns a grade to his government’s performance to date.

Xtreme Branch  

fsim.ca/docs/xbranch.pdf

Mark Sibthorpe

Branches are evolving to meet the digital age. This documents tracks the evolution with real-world examples.

Canadian Nudge  

fsim.ca/docs/nudge.pdf

Mark Sibthorpe

CWB cause for concern  

fsim.ca/docs/cwbupdate.pdf

Mark Sibthorpe

BNTV Overview  

fsim.ca/docs/overviewpdf.pdf

BNTV

BankNews.TV Publishing Corp services overview document:

• Analytics
• Financial services industry monitor (FSIM) industry briefings and developments reports
• Research

Challenger banks not a threat to big banks  

fsim.ca/docs/challenger.pdf

Mark Sibthorpe

This report looks at Canadian challenger banks (apart from merchant led banks) and explains why they have not threatened larger institutions. It also looks at ways in which these upstarts have achieved success.

Gamification of financial data project  

fsim.ca/docs/GamingEventProposal-printsample--en-final_original.pdf

Mark Sibthorpe

This document contains details on how BankNews.TV is helping kids learn programming via gamification of financial data.

The impact a rate rise will have for Canadian banks  

fsim.ca/docs/irr-f.pdf

Mark Sibthorpe

Canadian banks have made money throughout the credit crisis, but this trend may be about to reverse. The rational supporting this prediction is that revenue has grown despite a declining net interest margin (NIM). It has grown in spite of this fact because Canadian debt (loan lease volume) has risen significantly, as shown in chart 2.

FIFA: the new goldenballs  

fsim.ca/docs/goldenballs.pdf

Mark Sibthorpe

Yesterday, the Attorney General of Switzerland (OAG) opened criminal proceedings related to the FIFA scandal. This report outlines some of the events related to the criminal investigation, with a particular focus on banking.

Scorecard Minister of Finance: JIm Flaherty  

fsim.ca/docs/Scorecard Min Fin Flaherty April 8 2014.pdf

Mark Sibthorpe

March 18, Finance Minister Jim Flaherty resigned from cabinet after having endured a difficult year due to health issues. This report looks at his legacy and attempts to grade his government’s performance to date.

Sample RFP for a Loyalty Program  

fsim.ca/docs/sample RFP for a loyalty program.pdf

Mark Sibthorpe

Merchants extend financial services  

fsim.ca/docs/merchantfs.pdf

Mark Sibthorpe

Merchant led financial services are growing in importance once again. This is exemplified in the ongoing UK rivalry between ASDA, Sainsbury and Tesco. Together these merchant/financial service companies provide the backstop for three different approaches for merchants looking to extend their financial services.

Hot Money: real-estate  

fsim.ca/docs/hotmoney.pdf

Mark Sibthorpe

Currency Cheat Sheet: a guide for the rest of us  

fsim.ca/docs/currencycheatsheet.pdf

Mark Sibthorpe

Riches to Rags? Summary of possible risks for Genworth MI CANADA, INC.  

fsim.ca/docs/gq4risk.pdf

Mark Sibthorpe

Genworth had its Q4 2014 earnings call. Genworth own about 30% of the mortgage default insurance in Canada. Not surprisingly, the earnings call became focussed on Alberta; and for good reason, with 20% of its outstanding insured mortgage balance in Alberta, sensitivity to the oil shock and how Genworth plan to manage related risks were discussed in detail.

Canadian Western Bank Competitive Forecast  

fsim.ca/docs/cwbf.pdf

Mark Sibthorpe

Based on historical financial data (see detailed charts pages 5-8), the oil based recession in Alberta, and comparison against two of its peers, this document outlines my observation with respect to CWB’s future performances.

Liquid Canada: the tipping point  

fsim.ca/docs/Liquid.pdf

Mark Sibthorpe

This report examines liquidity issues in the Canadian financial service industry.

Bank Fees  

fsim.ca/docs/Bank fees.pdf

Mark Sibthorpe

Recently the CBC and The Globe and Mail both reported on what has been referred to as a consumer “bank fee outcry”. CBC compares banks to cable and phone companies, standing accused of trying to gouge customers with service fees. The backlash appears to have originated in conjunction with the NDP and the Consumers Council of Canada which argues that there is anxiety ‘among consumers about banking fees’.

Cheap Oil Report  

fsim.ca/docs/co2.pdf

Canada's Economy, a strategic solution  

fsim.ca/docs/ces.pdf

Mobile Payments Blueprint: guide to credit and loyalty transformation for merchants  

fsim.ca/docs/booksample.pdf

Guide to system selection  

fsim.ca/docs/gssnow.pdf

Read sample report: Guide to system selection. This sample would normally cost $99 but is available free as a sample. Click here view sample report.

SCOTIABANK SAYS TECHNICAL GLITCH THAT DISRUPTED DIRECT DEPOSIT, CHEQUE PAYMENTS HAS BEEN RESOLVED

G&M (2026-01-28)

“We are deeply sorry for the inconvenience the earlier technical issue has had on our clients, and sincerely appreciate their patience as we worked through this,” Ms.

SELF-EMPLOYED BORROWERS FINALLY GET FAIR PLAY

Mortgage Broker News (2025-09-18)

Data from The Mortgage Lender (TML) found that two-thirds of those working in the gig economy have had some or all of their mortgage applications declined, with 30 percent of them saying it was due to the “unsteady or irregular” nature of their profession.

BANK OF CANADA REACTION: ARE MORE RATE CUTS ON THE WAY?

Mortgage Broker News (2025-09-18)

The Bank’s decision marked the first time it’s reduced rates since March and means its benchmark rate now sits at 2.5%

PRESS CONFERENCE: POLICY RATE ANNOUNCEMENT – SEPTEMBER 2025

BOC (2025-09-18)

Webcast saved press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers.

CANADA'S BANKS COULD LEND AN ADDITIONAL $1 TRILLION TO HELP ECONOMY ADAPT, FEDERAL REGULATOR SAYS

FP - Barbara Schecter (2025-09-18)

“Banks could make nearly $1 trillion in additional loans or other extensions of credit … and remain above current capital minimums,” he said, adding that this is a material amount relative to Canada’s $3-trillion economy. “Canada’s

VERSABANK ANNOUNCES REFRESH OF PREVIOUS DDR TOKENIZED DEPOSIT PILOT PROGAM IN CANADA AND INTEGRATION WITH US PILOT PROGRAM

VersaBank (2025-09-18)

As the only nationally licensed bank with tokenized deposit technology and capabilities on both sides of the border, our proprietary Digital Deposit Receipts represent an exceptional near-term opportunity for the Bank by providing businesses of all sizes with blockchain-secured, high-speed, low-cost foreign exchanges transactions, with the critical advantage of legally

BANK OF CANADA SAYS CANADA SHOULD WEIGH MERITS OF STABLECOIN REGULATION

G&M (2025-09-18)

The Bank of Canada said on Thursday that Canada should consider the merits of stablecoin regulation and said it wanted the federal and provincial authorities to work together and quickly to help advance payment regulatory frameworks. “Canada

RCMP SAY $56-MILLION CRYPTOCURRENCY SEIZURE IS BIGGEST IN CANADIAN HISTORY

Yahoo Finance (2025-09-18)

They say their operation to shut down the website is the first time a Canadian police force has dismantled a cryptocurrency exchange.

AMEX UPS PLATINUM CARD'S FEE, OFFERS NEW PERKS: WHAT TO KNOW

Yahoo Finance (2025-09-18)

American Express (AXP) will raise its Platinum card's annual fee from $695 to $895 as soon as December or January 2026, while offering new benefits.

CANADIAN BANKS’ FOSSIL FUEL FUNDING NEARLY DOUBLE COMPARED WITH RENEWABLES: REPOR

BNN (2025-09-18)

A new report says Canada’s big banks financed about US$145 billion in fossil fuel investments last year, compared with about US$75 billion to low-carbon energy.

RAYMOND JAMES CANADA CEO JAMIE COULTER TO STEP DOWN

G&M - CLARE O’HARA (2025-09-17)

Jamie Coulter has unexpectedly stepped down as chief executive officer of Raymond James Ltd.

OTTAWA’S NEW TAKE ON BARE TRUSTS HAS BIG EXEMPTIONS BUT SOME ISSUES PERSIST

G&M (2025-09-17)

Ottawa’s latest proposed rule changes for bare trusts would significantly reduce the number of average Canadians who would have to file special tax returns for trusts every year, tax experts say. But

US WINS RELEASE OF WELLS FARGO BANKER BARRED FROM LEAVING CHINA, SOURCES SAY

Reuters - Laurie Chen (2025-09-17)

Chenyue Mao, who had been barred from leaving China for several months, has been allowed to return to the United States following negotiations between U.S.

SOFTWARE OWNED BY AUSTRALIAN BANKS BEING TESTED FOR SOCIAL MEDIA BAN

Reuters - Byron Kaye, Colin Packham (2025-09-17)

Software owned by Australia's biggest banks is being tested as a way to comply with a teen social media ban that begins in December, people involved in the process said, potentially involving the country's financial sector in the world-first regulatory crackdown. ConnectID

BANK OF CANADA CUTS INTEREST RATE BY QUARTER-POINT TO 2.5%

G&M - MARK RENDELLE (2025-09-17)

The Bank of Canada cut its benchmark interest rate by a quarter-point on Wednesday, lowering borrowing costs for the first time since March as U.S.

INTEREST RATE CUTS: BANK OF CANADA, U.S. FED BOTH DROP BENCHMARK RATES BY QUARTER-POINT

G&M - MARK RENDELL, NOJOUD AL MALLEESE, DARCY KEITH, RACHELLE YOUNGLAI (2025-09-17)

This thread covers many topics related to rates and government. The

POSTHASTE: PLUMMETING JOB VACANCIES SHOW WHY THE BANK OF CANADA CAN'T IGNORE THE AILING LABOUR MARKET

Yahoo Finance (2025-09-17)

Job vacancies continue to decline, according to Statistics Canada’s data released on Tuesday, and there are indications of a building slowdown across the labour market.

MORTGAGE RATES MAY NOT 'BENEFIT' FROM RATE CUTS, ECONOMIST SAYS

Yahoo Finance (2025-09-17)

Realtor.com

TOKENIZED ASSETS EXPECTED TO GROW TO $19T BY 2033. HERE'S HOW.

Yahoo Finance (2025-09-17)

The tokenization of real-world assets (RWA) is on the rise as trading platforms like Robinhood Markets (HOOD) begin offering tokenized stocks to overseas investors.

BANK OF CANADA DECISION MEANS SHIFTING EQUATION ON FIXED VS. VARIABLE MORTGAGE RATES

BNN (2025-09-17)

Penelope Graham, mortgage expert at Ratehub.ca,

FED'S POWELL EXPLAINS HOW CENTRAL BANK MODERATE RATES MANDATE WORKS

Yahoo Finance (2025-09-17)

“We think moderate long-term interest rates are something that will result from stable inflation, low and stable inflation and maximum employment,” Powell said.

BANK OF CANADA CUTS ON TRADE FEARS. HERE’S WHAT HISTORICALLY FOLLOWS

Better Dwelling (2025-09-17)

In all three cases, the pattern was the same: exports collapsed, investment fell, hiring slowed, and the BoC responded with easing.

U.K. INFLATION REMAINS NEARLY DOUBLE TARGET AHEAD OF EXPECTED INTEREST RATE HOLD

Investment Executive (2025-09-17)

“Several months of disappointing data has highlighted the U.K.’s

KPMG IGNORED FLAWS AT REGIONAL BANKS BEFORE 2023 CRISIS, SENATE REPORT FINDS

WSJ (2025-09-17)

KPMG ignored several flaws at Silicon Valley Bank and two other banks before their collapse in 2023, signs of shortcomings in their auditing oversight, according to a report from Senate Democrats. The

BUILD CANADA HOMES WILL PARTNER WITH DEVELOPMENT INDUSTRY, TO RELIEF OF HOMEBUILDERS

G&M (2025-09-16)

The residential development industry expressed relief Monday that the federal government’s new housing entity will not get into the business of building homes and instead will partner with developers. Build

DEBT ADVISER COMPLAINTS SURGE AS CONSUMER AWARENESS, INSOLVENCIES RISE

G&M - MARIYA POSTELNYAK (2025-09-16)

Complaints about debt advisers have soared more than 170 per cent, according to the Superintendent of Bankruptcy, which cites more awareness efforts alongside rising insolvencies for the increase. Data

AUGUST INFLATION RATE TICKS UP TO 1.9%, RISING LESS THAN EXPECTED

G&M - Nojoud Al Mallees (2025-09-16)

Canada’s inflation rate edged up slightly in August but came in lower than economists had forecasted, solidifying expectations that the Bank of Canada will cut interest rates on Wednesday. Statistics

FEDERAL BUDGET TO BE TABLED NOV. 4, FINANCE MINISTER SAYS

G&M - Nojoud Al Mallees (2025-09-16)

Finance Minister François-Philippe Champagne says the federal government will table a budget on Nov.

'UNTHREATENING' INFLATION READING MAKES BANK OF CANADA RATE CUT TOMORROW 'OBVIOUS COURSE OF ACTION'

Yahoo Finance (2025-09-16)

“Inflation remained largely unthreatening in August which, combined with recent weakening in the labour market, should make an interest rate cut tomorrow a done deal,” said Andrew Grantham, senior economist at CIBC.

US DOLLAR NOSEDIVES, GOLD HITS NEW RECORD: MARKET TAKEAWAYS

Yahoo Finance (2025-09-16)

Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton to go over the biggest takeaways from the trading day: the Nasdaq Composite (^IXIC).

FREELAND TO LEAVE CARNEY’S CABINET FOR SPECIAL UKRAINE ROLE

Bloomberg (2025-09-16)

Chrystia Freeland is leaving her cabinet post as transport and internal trade minister to become Canada’s new special representative for the reconstruction of Ukraine. Prime

CANADIAN GOVERNMENTS BORROW MOST SINCE PANDEMIC, RECORD BANK DEMAND

Better Dwelling (2025-09-16)

Statistics Canada (StatCan) data shows net issuance of government securities surged in Q2 2025, marking the biggest quarter since pandemic supports peaked.

IMMINENT FED RATE CUT TO HIT BANKS’ BOTTOM LINES

Investment Executive (2025-09-16)

Lower rates would lead to loan repricing that weighs on banks’ largest revenue source, net interest income — as borrowing costs typically decline more quickly than the rates banks pay on deposits, the report said.

BANK OF AMERICA PUTS THREE EXECUTIVES IN FRONT OF CEO SUCCESSION RACE

WSJ (2025-09-16)

The bank tapped Dean Athanasia, who leads the consumer and commercial banking operations, and Jim DeMare, who runs the global markets division, as the co-presidents of the entire bank.

THEY WENT TO WORK FOR A STOCK EXCHANGE. THEN THE SCIENTOLOGY TIES BECAME CLEAR.

WSJ (2025-09-16)

It started out as a routine workday at the buttoned-up offices of Dream Exchange, a fledgling stock exchange outside Chicago.

VERSABANK ANNOUNCES REFRESH OF PREVIOUS DDR TOKENIZED DEPOSIT PILOT PROGAM IN CANADA AND INTEGRATION WITH US PILOT PROGRAM

VersaBank (2025-09-16)

The purpose of the CADVB Pilot Refresh is to confirm the previously demonstrated functionality, security, and operational integrity of the Bank's DDRs, including compliance with all Canadian money laundering and terrorist financing legislation, in the context of advancements and enhancements of the Bank's core banking technology platform since the completion

CIRO DATA BREACH INCLUDED PERSONAL INFORMATION FOR TOP INVESTMENT AND BANKING INDUSTRY EXECUTIVES

G&M - CLARE O’HAR (2025-09-15)

Top Bay Street executives are receiving notifications that their personal information may have been accessed during a recent data breach at Canada’s investment industry regulator. On

CENTURION APARTMENT REIT SUBSTANTIALLY LIMITS INVESTOR REDEMPTIONS

G&M - TIM KILADZE (2025-09-15)

Centurion Apartment REIT, a private real estate fund with nearly $8-billion in assets under management, is substantially limiting investor redemptions, stoking contagion fears as skittish retail investors increasingly try to sell out of similar products across Canada. Late

AS RECESSION AND STAGNATION LOOM, CANADA’S FINANCIAL REGULATOR FINALLY GETS IT

G&M - John Turley-Ewart (2025-09-15)

When Tiff Macklem, the Governor of the Bank of Canada, speaks, Canadians listen.

CMHC HEAD SAYS THERE'S ROOM FOR BANKS TO TAKE ON MORE RISK IN FUNDING HOUSING CONSTRUCTION

Yahoo Finance (2025-09-15)

“We would love to see the banks taking more risks,” Coleen Volk, who was named president and chief executive of the Crown Corp.

FED'S BIGGEST WORRY IS 'SPURRING INFLATION AGAIN'

Yahoo Finance (2025-09-15)

All eyes are on the Federal Reserve a week ahead of the US central bank's September FOMC meeting, which is likely to result in a cut to interest rates.

AUSTRALIAN BANK ANZ AGREES TO PAY RECORD $160M PENALTY FOR CORPORATE MISCONDUCT

Yahoo Finance (2025-09-15)

The fines would set a new record amount imposed on a single entity for corporate misconduct by the ASIC, the national company and financial services regulator.

CANADA SEES MOST AUGUST HOME SALES IN FOUR YEARS: CREA

Yahoo Finance (2025-09-15)

The actual national average sale price of a home sold in August was $664,078, up 1.8

BANK OF ENGLAND GILTS DECISION RISKS £4 BILLION HIT FOR REEVES

Yahoo Finance (2025-09-15)

UK Chancellor of the Exchequer Rachel Reeves will need to find a further £4 billion ($5.4

OTTAWA IS TALKING ABOUT BUILDING A SOVEREIGN CLOUD BUT WHAT DOES THAT EVEN MEAN?

BNN (2025-09-15)

A sovereign cloud is a computing environment companies use to run services that comply with a specific country’s laws or core values.

BMO UNVEILS NEW CDRS INVESTING IN FRENCH COMPANIES

Investment Executive - Noushin Ziafati (2025-09-15)

The new products invest in French companies, but in Canadian dollars, allowing investors to gain international exposure in their portfolios without added currency risk.

QUANT DEVELOPER ALLEGEDLY DUPED FIRM

Investment Executive (2025-09-15)

According to an indictment that was unsealed in a federal court in New York, between 2021 and 2023, Wu secretly altered trading models after they’d been released, to change the models’ performance, mimicking its other successful models — to make it appear as though his models delivered strong returns that

OSFI TAKES TOUGHER STANCE ON FINES, AI RISK

Investment Executive - James Langton (2025-09-15)

The Office of the Superintendent of Financial Institutions (OSFI) unveiled a series of changes to its rules and guidance aimed at enhancing its focus on certain risks, clarifying expectations and improving oversight.

BOFA APPOINTS CO-PRESIDENTS AS CEO SAYS HE WILL SERVE THROUGH THE DECADE

Reuters (2025-09-15)

Bank of America (BAC.N),

'VERY STRONG CASE' FOR BANK OF CANADA CUT THIS WEEK, IF INFLATION DATA CO-OPERATES

FP (2025-09-15)

“If a weakening economy puts further downward pressure on inflation and the upward price pressures from trade disruptions are contained, there may be a need for a reduction in the policy interest rate,” Macklem said on July 30. Porter

BMO, RBC AND SCOTIABANK AMONG SSENSE LENDERS SEEKING FAST SALE OF STRUGGLING LUXURY RETAILER

FP - Paula Sambo and Mathieu Dio (2025-09-15)

Lenders to luxury fashion retailer Ssense are asking a Canadian court to allow a quick sale of the cash-starved company, with first bids due in early October. “At

ARTIS REIT ANNOUNCES PLAN TO BUY BOARD CHAIR’S MORTGAGE COMPANY AND BRAND ITSELF AS A BANK

G&M - TIM KILADZE (2025-09-15)

Artis Real Estate Investment Trust AX-UN-T is buying the mortgage company run by its board chair and plans on branding itself as a financial services company under a new name. Artis

BANK OF CANADA AND U.S. FED EXPECTED TO RESUME RATE CUTS THIS WEEK

G&M (2025-09-15)

After months on the sidelines, the Bank of Canada and the U.S.

CANADIAN TIRE, TIM HORTONS FORM LOYALTY PROGRAM PARTNERSHIP

Yahoo Finance (2025-09-15)

Under the partnership launching sometime next year, customers who link their Triangle and Tims Rewards accounts will earn Canadian Tire money on eligible purchases at the restaurant chain.

U.S. BANKS BORROW US$1.5 BILLION FROM FED’S REPO FACILITY IN SIGN OF MINOR FUNDING PRESSURE

BNN (2025-09-15)

Ahead of these payments, rates in the repurchase (repo) such as the Secured Overnight Financing Rate (SOFR) have risen above the interest paid on bank reserves.

BANK OF CANADA MIGHT NOT CUT RATES: RBC

BNN (2025-09-15)

Frances Donald, chief economist at RBC, joins BNN Bloomberg to discuss the potential outcome of the next Bank of Canada and U.S.

SLOWING POPULATION GROWTH AND MORTGAGES RESETS: TD COWEN

BNN (2025-09-15)

Andre-Philippe Hardy, managing director and head of Canadian research at TD Securities, joins BNN Bloomberg to discuss TD Cowen's annual Canada best ideas.

APOLLO SAYS BANK TIE-UPS CRUCIAL FOR HIGH-GRADE PRIVATE CREDIT

Bloomberg (2025-09-15)

Private credit’s effort to finance investment-grade companies is going to come down to its partnerships with banks, according to Apollo Global Management Inc.

MANULIFE WEALTH’S ‘SIGNIFICANT TRANSFORMATION’

Investment Executive (2025-09-15)

“We are changing the way we show up for our advisors,” McIntyre said back in 2022.

THE CEO WHO WANTS TO DOUBLE THE SIZE OF HIS BANK TO $1 TRILLION

WSJ (2025-09-15)

Bill Demchak surprised his friends when he decamped from a high-profile job at JPMorgan Chase for a job at a smaller bank more than two decades ago.

SENATORS CALL FOR HEARINGS ABOUT JPMORGAN’S TIES TO JEFFREY EPSTEIN

WSJ (2025-09-15)

Ten Democratic Senators are calling for a congressional hearing about JPMorgan Chase’s JPM 0.44%increase;

BRITISH AMBASSADOR TO WASHINGTON REMOVED OVER EPSTEIN EMAILS

WSJ (2025-09-15)

Peter Mandelson, the U.K.

REDDIT X SHARE ON LINKEDIN OPEN MORE SHARE OPTIONS CANADIANS ARE REFUSING TO ACCEPT REALITY AND WRITE DOWN THEIR REAL ESTATE — AND SALES ARE SUFFERING AS A RESULT

FP (2025-09-12)

Canadians may just find it rude to write down the value of their real estate, a disconnect a Toronto real estate conference this week heard is impacting sales activity. Australian-born

WHY THE U.S. FEDERAL RESERVE SHOULD NOT CUT INTEREST RATES NOW

FP (2025-09-12)

By easing every time the markets falter — including as recently as last August — the Fed has been fuelling asset price inflation and wealth inequality.

TD REACHES 'MAJOR MILESTONE' IN REBUILDING ITS ANTI-MONEY LAUNDERING PROGRAM, SAYS EXECUTIVE

FP (2025-09-12)

Toronto-Dominion Bank has assembled a group of 40 executives from top lenders and law enforcement agencies, such as Homeland Security and the Federal Bureau of Investigation (FBI), to build out its anti-money laundering (AML) program, the head of its wing in the United States said almost a year after the

VERSABANK LAUNCHES US TOKENISED DEPOSIT PILOT

Finextra (2025-09-12)

David Taylor, president, VersaBank, says: "Our USDVB DDRs, developed in conjunction with law enforcement, represent the next step in the evolution of digital assets for both deposits and payments, and, importantly, a superior alternative to stablecoins based on their one-for-one representation of actual cash on deposit with our Bank, the

CARNEY ANNOUNCES FIVE MAJOR PROJECTS TO BE REVIEWED FOR FAST-TRACKING

G&M - BILL CURRY, STEPHANIE LEVITZ (2025-09-11)

Prime Minister Mark Carney announced the first five major projects that will be reviewed for fast-track approval under Ottawa’s Bill C-5 and said he’s working with Alberta on a carbon capture and storage project that could ultimately lead to a new oil pipeline. The

SWITCHING MORTGAGE LENDERS AT RENEWAL TIME? HERE’S WHAT YOU NEED TO KNOW

G&M - Penelope Graham (2025-09-11)

If you’re one of the 1.2

EQB STOCK TUMBLES MORE THAN 10% AMID WEAK Q3 EARNINGS, CEO TRANSITION

Yahoo Finance (2025-09-11)

“While its business model is far from broken, we do not expect to see any immediate solutions to the pressures it currently faces,” Aiken wrote.

JPMORGAN PROMOTES THREE SENIOR BANKERS TO GLOBAL CHAIR ROLES

Bloomberg (2025-09-11)

JPMorgan Chase & Co.

THE BEST AIRLINE LOYALTY PROGRAMS NOW

Bloomberg (2025-09-11)

Air France-KLM’s Flying Blue tops Point.me’s

HOW CANADA’S POPULATION GROWTH HID ITS RISING HOUSEHOLD DEBT BURDEN

Better Dwelling (2025-09-11)

In Q2 2025, credit market debt grew 0.93%,

CAPITAL ONE SUES FDIC FOR OVERCHARGE RELATED TO TWO BANK FAILURES

Reuters (2025-09-11)

Capital One (COF.N),

TD BANK HIRES NEW COO FROM OUTSIDE, REVAMPS LEGAL TEAM AS CEO RAY CHUN PUTS HIS STAMP ON THE LENDER

G&M - Tim Kiladze (2025-09-10)

Toronto-Dominion Bank TD-T is hiring a chief operating officer with global banking experience and also revamping its legal team, as chief executive officer Ray Chun repositions the bank to move past its U.S.

INVESTMENT INDUSTRY REGULATOR BEGINS NOTIFYING MEMBER FIRMS, ADVISERS ABOUT DATA BREACH

G&M (2025-09-10)

Investment firms, financial advisers and other market registrants are now getting notified that their personal information was accessed last month during a data breach at their industry regulator. The

SHOPIFY CHIEF OPERATING OFFICER IS LEAVING THE COMPANY

G&M (2025-09-10)

Shopify Inc.

BITCOIN-BUYING STOCKS SUFFER SHARP DROP AS INVESTORS’ CRYPTO EUPHORIA RECEDES

G&M (2025-09-10)

Companies that accumulate and hoard bitcoin and other cryptocurrencies have suffered sharp drops in their share prices as the crypto mania that has gripped investors for much of the year recedes. These

KLARNA CLIMBS 15% IN TRADING DEBUT AFTER $1.37 BILLION IPO

Yahoo Finance (2025-09-10)

The financial services company’s shares, which rose as much as 43% Wednesday, closed at $45.82

2 TAKEAWAYS FROM BIG BANK LEADERS' RECENT COMMENTS

Yahoo Finance (2025-09-10)

Yahoo Finance Senior Banking Reporter David Hollerith recaps themes that Big Bank executives are discussing, including earnings strength driven by investment banking segments and the state of the US economy.

MANULIFE BANK CONSOLIDATES LENDING PRODUCTS

Investment Executive (2025-09-10)

Manulife Bank has streamlined over 20 lending products into four major product families with the aim of making it easier for advisors to find the right solution for their clients and for themselves, the financial services company announced Tuesday.

AN AVERAGE 1.4 ETFS LAUNCH EVERY TRADING DAY IN CANADA: REPORT

Investment Executive (2025-09-10)

At this pace, the ETF industries in both countries are on track to break their records for annual fund launches in 2025.

CANADIAN STOCKS MOVE HIGHER AMID BOC RATE CUT EXPECTATIONS

Nasdaq (2025-09-10)

Since last Friday when Canadian jobs data showed poor numbers, expectations of a rate cut by the Bank of Canada in September are also trending higher.

'THE BACKBONE OF THE ECONOMY IS WEAKENING': FORMER BANK OF CANADA GOVERNOR ON IMPACT OF TARIFFS

CTV (2025-09-10)

Former Bank of Canada governor Stephen Poloz on tariffs, economic risks, and what can help get growth back on track.

TORONTO HOME PRICES RETREAT TO 2021 LEVELS AS RED FLAGS MOUNT

G&M - HANIF BAYAT (2025-09-09)

The Greater Toronto Area housing market in August, as tracked by the Toronto Regional Real Estate Board (TRREB), paints a bleak picture.

WEALTHSIMPLE EXEC APOLOGIZES TO CUSTOMERS AFTER DATA BREACH, SAYS NO ACCOUNT DETAILS WERE MISUSED

G&M - Mariya Postelnyak (2025-09-09)

Wealthsimple’s security head apologized to customers on Monday after the company revealed a data breach leaked the sensitive information of thousands of its clients.

CANADIAN COALITION OF BANKS, BUSINESSES AND OTHER GROUPS LAUNCHES PROGRAM TO TACKLE SCAMS

G&M - Alexandra Posadzki (2025-09-09)

A new coalition of financial institutions, telecoms, technology companies and other organizations is aiming to tackle the increasingly pervasive problem of scams. The

WALL STREET RISES TO MORE RECORDS

Yahoo Finance (2025-09-09)

Traders have become convinced that the Federal Reserve will cut its main interest rate for the first time this year at its next meeting in a week to prop up the slowing job market.

‘SEEING A LITTLE BIT OF THAT PESSIMISM’: CMHC ECONOMIST ON FALL HOUSING SUPPLY REPORT

BNN (2025-09-09)

“One of the main reasons is because there’s been concerted efforts from all levels of government in the last few years to really push some new programs that could be funding, that could be looking at regulation, for example,” said Bourassa-Ochoa.

BANK OF CANADA TO MAKE 3 INTEREST RATE CUTS BEFORE SPRING 2026: BMO

Better Dwelling (2025-09-09)

Canada’s oldest bank sees rates being slashed fairly aggressively before Spring 2026.

HOUSING STARTS FLAT IN FIRST HALF OF 2025: CMHC

Investment Executive (2025-09-09)

Tania Bourassa-Ochoa, deputy chief economist for CMHC, says the ongoing construction slowdown in the housing market presents risks to future housing supply.

CITIGROUP CFO EXPECTS INVESTMENT BANKING FEES AND MARKET REVENUE TO GROW BY MID-SINGLE DIGITS IN Q3

Reuters (2025-09-09)

In July, the bank beat estimates for second quarter earnings, fueled by rising revenue in banking, markets and wealth management.

WHY SOME OF CANADA'S BIGGEST PENSIONS ARE SLAMMING THE BRAKES ON U.S. REAL ESTATE INVESTMENTF

FP (2025-09-09)

Real estate executives from the Healthcare of Ontario Pension Plan (HOOPP) and Alberta Investment Management Corp.

FRENCH GOVERNMENT COLLAPSES IN A CONFIDENCE VOTE, FORCING MACRON TO SEEK YET ANOTHER PRIME MINISTER

Yahoo Finance (2025-09-08)

Prime Minister François Bayrou was ousted overwhelmingly in a 364-194 vote against him.

SENATE BANKING TO VOTE ON MIRAN FED NOMINATION WEDNESDAY

Yahoo Finance (2025-09-08)

White House economic adviser Stephen Miran’s nomination as a Federal Reserve governor has been scheduled for a Senate committee vote Wednesday,...

GOLDMAN CEO SOLOMON SAYS RATES AREN’T TOO RESTRICTIVE IN CONTRAST WITH TRUMP

Yahoo Finance (2025-09-08)

Chief Executive Officer David Solomon signaled there’s no need for the Federal Reserve to rapidly cut interest rates, diverging from the Trump administration’s pressure on the central bank to loosen monetary policy.

BOFA EXPECTS INVESTMENT BANKING FEES TO GROW 10% TO 15% IN 3Q

Yahoo Finance (2025-09-08)

Global M&A has reached $2.6

TORONTO REAL ESTATE’S LONG-TERM PROSPECTS FADE AS UNEMPLOYMENT NEARS 400K

Better Dwelling (2025-09-08)

The CMA’s unemployment rate hit 9.4%

EMPLOYEE SHAREHOLDERS LODGE US$4.6B CLASS ACTION AGAINST FNZ

Investment Executive (2025-09-08)

The employee shareholders allege that directors transferred wealth away from employees to the institutional and private equity investors the directors represent by issuing preferred shares and warrants at non-commercial terms.

NASDAQ SEEKS TOKENIZED TRADING

Investment Executive (2025-09-08)

The proposal aims to facilitate trading of tokenized securities under the existing regulatory framework, using the Depository Trust Corp.

SCOTIA TURNS DOVISH ON RATES

Investment Executive (2025-09-08)

In a research note, the bank’s economists said the latest labour market data — which showed the loss of 66,000 jobs in August, pushing the total for the past two months to 106,000 — has increased the prospect of the Bank of Canada easing rates later this month.

SUPERINTENDENT SPEAKS AT SCOTIABANK FINANCIALS SUMMIT

OSFI (2025-09-08)

Superintendent of Financial Institutions, Peter Routledge, participated in a fireside chat at the Scotiabank Financials Summit.

VERSABANK THIRD QUARTER RESULTS CONTINUE TO DEMONSTRATE STRENGTH OF BUSINESS MODEL AS US RPP PORTFOLIO RAMPS UP

VersaBank (2025-09-08)

Expansion of RPP Program to Add Securitization Expected to Generate Additional Asset and Earnings Growth in Both US and Canada –

CAPITALISM FOR BIG FIRMS, RISK FOR EVERYONE ELSE: WHY THE INVESTMENT LANDSCAPE NEEDS A RESET

FP (2025-09-08)

There’s a growing sense that the macroeconomic puzzle is beginning to take shape and what it reveals is deeply concerning.

WHY THE U.S. FEDERAL RESERVE SHOULD NOT CUT INTEREST RATES NOW

FT (2025-09-08)

Financial conditions are very loose.

CANADA’S UNEMPLOYMENT RATE IN AUGUST CLIMBS TO NINE-YEAR HIGH OUTSIDE OF EARLY PANDEMIC

G&M - VANMALA SUBRAMANIAM (2025-09-07)

The Canadian and American job markets effectively stalled in late summer as employers struggled with the prohibitive costs of U.S.

GOLD HITS A FRESH RECORD HIGH AS KEY US JOBS DATA WEAKENS

Yahoo Finance (2025-09-07)

Bullion rallied as much as 1.5%

UNDERSTANDING MONEY MARKET FUNDS AMID ECONOMIC, FED UNCERTAINTY

Yahoo Finance (2025-09-07)

While economists hold their breath ahead of the Federal Reserve's next meeting later this month, UBS Asset Management head of global liquidity portfolio management Robert Sabatino joins Market Catalysts host Jared Blikre for a conversation on global asset liquidity and money market fund inflows.

INDUSTRY MINISTER JOLY WON’T SAY IF FEDERAL CLIMATE TARGETS ARE HERE TO STAY

BNN (2025-09-07)

“We will soon also release our climate competitiveness strategy to position Canada as a leader in decarbonization,” he said.

FLIGHT ATTENDANTS WAGE OFFER REJECTION SUGGEST PROBLEMS AHEAD, ANALYST SAYS

BNN (2025-09-07)

“I can’t remember the last time that 99 per cent of the members voted overturned or voted down the deal negotiated by their own leadership.”

WHEN EMPLOYMENT TANKS, MORTGAGE RATES USUALLY FOLLOW

Mortgage Logic (2025-09-07)

In the latest edition of 'bad news is good news,' labour data disappointed on both sides of the border today.

WHILE SOME SLAM BLANKET APPRAISALS, OSFI WRAPS THEM IN REASON

Mortgage Logic (2025-09-07)

Blanket appraisals have been widely cast as financial boogeymen, attacked with overblown claims about their so-called danger.

US SEC CLOSES INVESTIGATION OF SWEDBANK

Reuters (2025-09-07)

Saturday said that the U.S.

ROBINHOOD TO JOIN S&P 500 IN WATERSHED MOMENT FOR US FINTECH SECTOR

Reuters (2025-09-07)

Robinhood Markets (HOOD.O),

TD BANK IS ADDING HUNDREDS OF SPECIALIZED MORTGAGE ADVISERS TO ITS BRANCHES. WILL IT GET YOU A BETTER DEAL?

FP (2025-09-07)

“Branches are in a secular downtrend as people shift to digital channels,” says Patrick Smith, VP, product management, real estate secured lending at TD.

MORTGAGE RATES HANG ON BANK OF CANADA DECISION

FP (2025-09-07)

If the bond market is right, mortgage shoppers could be in for some savings this month. As

GREATER TORONTO HOME PRICES SLIP AS LISTINGS OUTPACE SALES: BOARD

Yahoo Finance (2025-09-05)

The Toronto Regional Real Estate Board said the average sale price was down 5.2

RENTERS NEED TO MAKE OVER $78,000 TO HAVE AFFORDABLE RENT IN VANCOUVER, TORONTO: CCPA

Yahoo Finance (2025-09-05)

The threshold, which works out to a little over $37 an hour, is what it would take to keep housing costs within 30 per cent of pre-tax income and is far beyond what many renters make, said the report by the Canadian Centre for Policy Alternatives.

GOLD BLASTING TO RECORD HIGHS

BNN - Sean Boyd (2025-09-05)

Sean Boyd, Chairman at Agnico Eagle, joins BNN Bloomberg to provide a pulse check on Canada's gold sector.

TORONTO REAL ESTATE SETS INVENTORY RECORD, PRICES DOWN 24% FROM HIGHS

Better Dwelling (2025-09-05)

The sharp increase in new listings—significantly outpacing sales—pushed total inventory to historic levels.

TRUMP IS MAKING STRIDES IN HIS TAKEOVER OF THE FED

WSJ (2025-09-05)

President Trump’s sprint to take control of the Federal Reserve played out in a striking split-screen fashion on Thursday, just two weeks before the central bank’s next policy meeting. On

REVOLUT NAMES FORMER SOCGEN BOSS OUDEA AS WESTERN EUROPE CHAIR

WSJ (2025-09-05)

The U.K.

THE CENTRAL BANK WITH THE THIRD-LARGEST RESERVES IS SWAPPING DOLLARS FOR EUROS

MarketWatch (2025-09-05)

According to Swiss National Bank statistics, its foreign exchange reserves totaled more than $1 trillion at the end of June 2025 with dollars representing 39% of that sum and euros 37%.

REGULATOR SAYS TOP LENDERS ARE WELL POSITIONED TO WEATHER MARKET STRUGGLES

Mortgage Broker News (2025-09-05)

Toronto's tanking condo market is drawing headlines across Canada as its crisis deepens by the month, but the country's top banking regulator said this week it shouldn't be a major cause of concern for top lenders – and may even open some doors for previously frozen-out first-time buyers.

WHY GEN X WAS LONDON’S LUCKIEST PROPERTY GENERATION

FT (2025-09-05)

It felt like it was already over by the time I got my first job in London 20 years ago — the decade-long housing boom was coming to an end just as I was finishing my degree.

TRUMP UNSHACKLES THE US BANKING INDUSTRY

FT (2025-09-05)

Banks score big wins under Trump The story of banking since the global financial crisis has been one of increasing regulation.

FINANCIAL REPORTING INSTRUCTIONS

OSFI (2025-09-05)

Refer to the list for updated instructions on how to complete financial returns and reports in the Regulatory Reporting System.

SCOTIABANK SAYS TECHNICAL GLITCH THAT DISRUPTED DIRECT DEPOSIT, CHEQUE PAYMENTS HAS BEEN RESOLVED

G&M (2026-01-28)

“We are deeply sorry for the inconvenience the earlier technical issue has had on our clients, and sincerely appreciate their patience as we worked through this,” Ms.

SELF-EMPLOYED BORROWERS FINALLY GET FAIR PLAY

Mortgage Broker News (2025-09-18)

Data from The Mortgage Lender (TML) found that two-thirds of those working in the gig economy have had some or all of their mortgage applications declined, with 30 percent of them saying it was due to the “unsteady or irregular” nature of their profession.

BANK OF CANADA REACTION: ARE MORE RATE CUTS ON THE WAY?

Mortgage Broker News (2025-09-18)

The Bank’s decision marked the first time it’s reduced rates since March and means its benchmark rate now sits at 2.5%

PRESS CONFERENCE: POLICY RATE ANNOUNCEMENT – SEPTEMBER 2025

BOC (2025-09-18)

Webcast saved press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers.