Credit card balances shrink, tempering increase in mortgage borrowing
New loan-level data shows majority of mortgages to renew in next two years, most at higher rates
Smaller banks less diversified than Big Six, but still poised for growth
Big banks preparing for range of scenarios with incoming Trump administration
Economic outlook supportive for banks, but risks are all to the downside
Faster mortgage growth, HELOCs push debt over the $3 trillion mark
Loans and margins are growing, but credit provisions and expenses up too
Economists predict that U.S. mortgage rates will hover around 6% in 2025
Mortgages, credit card balances grow faster in September: StatCan
Policy shift to stoke inflation, hurt growth, intensify uncertainty