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Brent Richardson
Principal Mortgage Broker/ Owner (Lic. # M08006143), Certified Financial Planner (CFP) Altrua Financial Inc. Lic. #13005
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Ground Level Updates on Mortgages and the Housing Market, before it hits the news
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$PYPL plan to buy back $6B of shares in 2026 could be a terrible strategy if the business decelerates
Until growth stabilizes, management should allocate capital to growing assets - even treasuries
Otherwise its just more good money after bad
Check out the latest edition of my newsletter
It discusses the Canadian jobs market and market volatility in software, AI, Bitcoin, Gold and Silver
Canadian Jobs Lost, But Unemployment Down
Canadian Economic, AI, SaaS, Crypto, Gold and Silver Update
www.richreport.ca
The 🇨🇦 jobs market in Jan moved in several directions at once:
• Unemployment📉to 6.5% due to exits from the workforce
• Full time:📈by 45,000
• Part time:📉70,000, netting 25,000 lost jobs
Financial markets ultimately shrugged it off; mortgage rates remain stable
The Ontario and Federal governments have invested $ hundreds of millions into this plant, with earmarked subsidies of up to $15 Billion
Stellantis just sold its stake for $100
Stellantis selling stake in Ontario battery plant as part of wider EV reset
Automaker Stellantis is selling its 49 per cent stake in an Ontario battery plant to its joint venture partner L...
ca.finance.yahoo.com
When it comes to finance there are no guarantees. We talk in likelihoods and probability
Right now there’s higher market uncertainty and volatility, but here’s some reasonable likelihoods to consider:
- Kevin Warsh lowers 🇺🇸 rates more than markets expect
- Liquidity floods,
Limp 0.1% GDP growth in November 2025, and early estimates for flat growth in December were mostly priced into Bond Yields, keeping fixed mortgage rates on firm ground
We also expect the BoC and VRM to hold for 2026, barring a US trade negotiation breakdown
🚨BREAKING: As widely expected, the Bank of Canada holds its overnight rate at 2.25%
Markets are pricing a ~70% chance that the BoC and the variable rate mortgage have found their happy place for the rest of 2026, with bank prime at 4.45% and VRM 'prime minus' discounts at ~1%
Risk management is not the opposite of wealth building
It is what allows wealth to compound uninterrupted:
Invest consistently
Stay invested during volatility
Avoid forced sales
Unfortunately we’ll never know what was actually said on that call…
But it is interesting to hear the top American in finance arguing FOR US Canadian trade
What happened to ‘we don’t need Canada’?
🚨BREAKING
Scott Bessent says that Carney called Trump while he was in the oval office
and WALKED BACK much of his Davos speech
Canadians will never know the Canadian version of this, because the PMO doesn't actually release details like this.
We are Mortgage Brokers proudly serving customers from 5 locations in Ontario.
Kitchener/ Waterloo (Head Office)
In Kitchener Waterloo Call: 1-877-248-9210
Hamilton
In Hamilton Call: 905-538-0677
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Altrua Financial Inc. is exceptionally committed to respecting the privacy of individuals and recognizes a need for the appropriate management and protection of any personal information that you agree to provide to us. We will not share your information with any third party outside of our organization, other than as necessary to fulfill your mortgage request.