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It’s Friday, Sept. 11. Here are the top stories we’re following today.
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The big question hanging over the Canada Investment Summit is whether the conditions for investing have changed enough in a country where major projects have often lagged and those that lack scale and do no sufficiently manage risk have at times scared private capital away.
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Big banks, which held out as long as they could, finally had to lift fixed rates to offset soaring funding costs. All told, dozens of lenders across the country boosted fixed rates by roughly 10 to 15 basis points this week.
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Some of Canada’s biggest financial players this week have promised to deploy billions of dollars in sectors such as defence, energy and artificial intelligence that will likely play a key role in boosting the country’s economy. Their promises come ahead of Prime Minister Mark Carney’s Canada Investment Summit next week that will bring together global investors, Canadian executives and public-sector representatives.
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Canadian household wealth eclipsed the $19 trillion mark for the first time in the second quarter of 2026, driven by the rally in equity markets. Households added $550 billion to their collective wealth, a 2.9 per cent jump from the first quarter of the year, to hit $19.4 trillion, according to Statistics Canada’s latest national balance sheet, released Friday.
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Paying off your mortgage or using it to help you purchase a new home so you have more space for the kids and a shorter commute is a sensible move, expert says.
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