Canada Banks Backpedal as Economy Weakens

Canada’s economy is weakening and the big banks are responding: scaling back their ‘No Rate Cuts’ projections. #canadianeconomy #bankofcanada #canadianinterestrates Links: 26% of Canadians plan to buy an investment property by 2028: Survey: https://www.youtube.com/watch?v=EhaE5usCPAI Superintendent of Financial Institutions defends regulators' record after TD’s guilty plea: https://www.youtube.com/watch?v=EhaE5usCPAI Canada's economy contracted unexpectedly in fourth quarter of 2025: https://www.cbc.ca/news/business/canada-gdp-dec-2025-9.7108015 Cdn. Real GDP — Unheated Revival: https://economics.bmo.com/en/publications/detail/96a9718d-b3ac-49e6-9e30-4adc70b51200/ Canada's economy shrinks, dragging 2025 growth to slowest pace since height of pandemic: https://financialpost.com/news/economy/canada-economy-shrinks-fourth-quarter Canadian economy sees slowest growth since 2020 as Trump tariffs curb exports: https://www.thestar.com/business/canadian-economy-sees-slowest-growth-since-2020-as-trump-tariffs-curb-exports/article_1f27bee6-665c-40c8-9ca2-5faeab7f23e0.html Amid 2026 uncertainty, new data set to show how Canada’s economy ended 2025: https://globalnews.ca/news/11701151/gdp-december-2025-preview/ Gross domestic product, income and expenditure, fourth quarter 2025: https://www150.statcan.gc.ca/n1/daily-quotidien/260227/dq260227a-eng.htm Canada’s Economy Contracts in Fourth Quarter, Capping a Soft Year: https://www.wsj.com/economy/canadas-economy-contracts-in-fourth-quarter-04817ed1 Canada's economy lost 25,000 jobs in January, but unemployment rate ticked down to 6.5%: https://www.cbc.ca/news/business/job-numbers-january-2026-9.7077050 Rates Scenario for January 15, 2026: https://economics.bmo.com/en/publications/detail/d730831e-53ea-43a5-80ed-c536d458d773/ BoC: New Captain, Same Course: https://economics.bmo.com/en/publications/detail/a60b657e-5e40-4a18-b5c5-0d297e5a7a34/ Rates Scenario for May 6, 2021: https://economics.bmo.com/en/publications/detail/e0973de6-be38-4702-aa04-3785467d4eb1/ Canadian labour market: Could we really run out of room before year-end?: https://thoughtleadership.cibc.com/article/canadian-labour-market-could-we-really-run-out-of-room-before-year-end/ TD Bank charges $30,000 mortgage penalty to woman forced to sell home due to pandemic: https://www.cbc.ca/news/business/mortgage-penalty-pandemic-1.5588741 Rate cuts likely to revive Canada's real estate sector: https://www.bnnbloomberg.ca/video/shows/trading-day/2025/01/29/rate-cuts-likely-to-revive-canadas-real-estate-sector/ Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx GDP in decline in Q4: Statistics Canada: https://retail-insider.com/retail-insider/2026/02/gdp-in-decline-in-q4-statistics-canada/ Bank of Canada's first-quarter growth forecast in the crosshairs on weak GDP: https://financialpost.com/news/bank-of-canada-gdp-forecast-in-crosshairs BoC done with rate cuts, expects 2% inflation to persist: https://www.rbc.com/en/economics/canadian-analysis/data-flashes/boc-done-with-rate-cuts-expects-2-inflation-to-persist/ Trump’s trade czar says Canada must accept tariffs, help reshore American jobs: https://www.investmentexecutive.com/news/trumps-trade-czar-says-canada-must-accept-tariffs-help-reshore-american-jobs/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.