Canadian Wealth Hits $18.6T Peak, Geopolitical Risks Loom
Canadian household wealth reached a record $18.6 trillion in 2025, driven by stock market gains, but economists warn geopolitical tensions could reverse growth in 2026.
Canadian household wealth reached a record $18.6 trillion in 2025, driven by stock market gains, but economists warn geopolitical tensions could reverse growth in 2026.
The S&P/TSX composite index and major U.S. stock markets showed gains in late-morning trading on March 16, 2026, reflecting positive market momentum amid broader economic news.
Gold trades near $5,000 per ounce as Middle East conflict drives oil prices higher, reducing expectations for Federal Reserve interest rate cuts and creating stagflation concerns.
Economists predict the Bank of Canada will keep interest rates steady at 2.25% due to trade tensions, global conflict, and a sluggish housing market, despite market signals for hikes.
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RecommendedBank of America has reached a settlement in a lawsuit filed by accusers of Jeffrey Epstein, marking a significant legal development in the ongoing fallout from the financier's case.
Statistics Canada reports a continued increase in household debt relative to income in Q4, marking the fifth consecutive quarter of growth amid economic pressures.
A comprehensive overview of mortgage protection options, explaining why safeguarding your largest debt is crucial for financial stability and peace of mind in homeownership.
The U.S. Federal Reserve meets this week amid heightened uncertainty from the Iran conflict, which has disrupted global oil supply and threatens to push inflation higher while potentially slowing economic growth.
Conservative Leader Pierre Poilievre criticizes Liberal trade approach as 'waving white flag,' announces comprehensive auto strategy to secure tariff-free U.S. access and boost domestic production.
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RecommendedThe escalating conflict in Iran introduces fresh volatility into global markets, complicating the Bank of Canada's monetary policy decisions amid existing domestic economic challenges.
Gold fell on Friday, heading for a second weekly decline as Middle East tensions keep oil prices high, boosting inflation and reducing rate cut expectations. Bullion remains up 17% this year.
BMO's chief economist Douglas Porter explains why high oil prices from Middle East tensions may slow growth and increase inflation, but the Bank of Canada is likely to maintain current interest rates.
Following a disappointing February jobs report showing 84,000 job losses, economists argue the Bank of Canada is more likely to cut interest rates than hike, despite market expectations influenced by rising oil prices.
Amid Iran conflict and private credit fund redemptions, investors recall 2008's financial crisis. However, stronger bank capital and liquidity suggest the system is more resilient now.
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RecommendedMarkets now fully price in a September rate hike as Middle East conflict drives oil prices higher, threatening inflation expectations in Canada.
Statistics Canada reports household net worth reached $18.4 trillion in Q3 2025, averaging $1.07 million per household. Wealth distribution varies significantly by age, province, and income bracket, with real estate and financial assets playing key roles.
TurboTax expert Stephanie Ricchio details new tax credits, deadline adjustments, and essential filing strategies for the 2026 tax season in Canada.
New Westminster police confiscated $11,000 in counterfeit currency from a Safeway store, highlighting ongoing efforts to combat financial fraud in the region.
As mortgage rates climb, banks are contacting homeowners months before renewal. Experts warn that attractive rates may hide costly penalties and terms requiring careful scrutiny before signing.
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RecommendedThe Canadian government has implemented a new rule capping non-sufficient funds fees at $10 per transaction, aiming to ease financial strain for households during the cost of living crisis.
Gold prices are surging as geopolitical conflicts and global tensions create investor uncertainty, with experts predicting continued volatility in precious metals markets.
The Bank of England announces a major redesign of UK banknotes, replacing historical figures like Winston Churchill with native animals. The move sparks political controversy.
A Nova Scotia court has imposed stricter supervision on the troubled investment firm of seafood magnate John Risley, following financial difficulties and regulatory concerns.
The Bank of England's decision to replace historical figures like Winston Churchill with native wildlife on banknotes has ignited a fierce political debate, with critics labeling it 'woke' while supporters cite security and public preference.
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RecommendedThe Bank of England plans to replace Winston Churchill and other historical figures with native wildlife on new banknotes, drawing criticism from Conservative lawmakers who argue Churchill's legacy should be preserved.
Internal documents reveal JPMorgan maintained contact with Jeffrey Epstein for years after red flags were raised, processing over $1 billion in transactions while he generated significant revenue for the bank's private wealth division.
The Bloomberg Global Aggregate Index has turned flat for 2026 as oil prices surge above $100, reversing earlier gains and triggering a fixed-income selloff driven by Middle East conflict concerns.
Winston Churchill will be phased out from British five-pound notes as part of a broader redesign, marking a significant shift in the nation's currency representation.
As the U.S. and U.K. implement measures against de-banking, Canada faces criticism for inaction on banks denying services based on political views, with concerns over ideological targeting of industries and activists.
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RecommendedA concerning trend of financial nihilism is pushing Generation Z Canadians toward high-risk investing strategies like meme stocks and crypto, driven by economic pessimism and housing unaffordability.