People’s Bank of China sets yuan reference rate at 6.7313 (vs. estimate at 6.6977)

Leah Zlatkin, a licensed mortgage broker at LowestRates.ca in Ontario, told Canadian Mortgage Professional earlier this year that “there’s no clear signal that rates are heading materially lower, and in some cases we’re already seeing lenders adjust pricing upward.” Spending pulls back as energy costs bite Consumer spending intentions edged down in Q2 2026, the CSCE…

What balance means at the broker level For brokers, a market edging toward equilibrium translates to fewer competing-offer situations, less pressure on appraisals, and more time for clients to make considered decisions. That said, the picture is far from uniform at the street level. Elan Weintraub, co-founder and director at Mortgage Outlet in Toronto, described…

Florida passenger train Brightline, one of the largest and most closely-watched credits in the high-yield municipal bond market, filed for Chapter 11 bankruptcy Thursday night in the United States Bankruptcy Court for the District of New Jersey. Processing Content The bankruptcy marks the largest municipal market restructuring in years. As previously reported, a group of…

Payments and treasury technologies have traditionally been positioned by the banks powering them as purely infrastructure. The same way baseball players need a field to play ball, the thinking went, financial services needed the indispensable machinery powering payments that helps clients move money, manage liquidity and connect corporate systems. But those same banks, as highlighted…

The Consumer Prices Index (CPI) underwent a rise to 3.1% in August, according to the Office for National Statistics (ONS). This compares to rises of 2.9% in July and 2.6% in June. On a monthly basis, the CPI increased by 0.5% in August versus a rise of 0.3% in August last year. Core CPI…