Some mortgage holders have begun to pare down their spending amid higher borrowing costs, according to a new report from TD, particularly those who renewed their mortgages more recently.

2023 marks the year that the humble guaranteed investment certificate (GIC) became a superstar.

The CEO of Porter is expecting a busy holiday travel season in spite of economic challenges that are making air travel more difficult.

The head of EQB Inc. says customers are largely weathering the shock of high interest rates.

Canadian stocks and bonds have rallied as investors bet on interest rate cuts as soon as next spring, but experts say the Bank of Canada is leaving the door open to future hikes in a bid to rein in market expectations.

Experts say interest rate hikes may be over as the Bank of Canada holds its trendsetting rate at five per cent, but caution that it may be some time yet before the central bank starts to cut rates.

Real estate experts say the Bank of Canada's decision to hold interest rates at five per cent is a positive sign for mortgage holders with loans tied to prime interest rates, though the high cost of borrowing will remain a challenge.

The Bank of Canada has held its benchmark interest rate at five per cent. Read the central bank's full statement on its decision.