Canada adds 90,000 jobs, BoC warns of higher mortgage payments and energy-hungry AI models: Business and investing news for May 12Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.
on when Bank of Canada’s interest rate cuts could begin, Matt Lundy reports. On Friday, markets were pricing in a roughly 50-50 chance that the central bank will trim its policy rate by a quarter-point on June 5. In recent days, those odds were higher than 70 per cent.The other major Bank of Canada headline this week offers up some bad news for homeowners. In its annual Financial Stability Report, the central bank warned that homeowners who are due to renew their mortgages over the coming years.