Good morning. The assumptions most Canadians make about their money — who's actually setting mortgage rates, what AI really means for jobs and how to react when markets get scary — are all shifting simultaneously.
On The Money Today:
Nvidia's CEO says AI layoffs are a 'failure of imagination' — and he's talking about his own customers
The Iran war is rattling markets — here's what Canadian investors should actually do
Ottawa is spending $30 billion on mortgage bonds in 2026 and it could affect your rate
Let's get into it.
Meta, Amazon and Microsoft have cut tens of thousands of jobs and blamed AI — but Jensen Huang, the man selling them the chips to do it, says that's not progress, it's a lack of ambition. And with Canadian tech job postings already down 19% since 2020, the stakes here are very real.
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War headlines are sending markets swinging and your portfolio along with them. The TSX isn't immune — with Canada's stock market heavily weighted in energy and resources, Middle East conflict hits closer to home than most. But before you do anything, Dave Ramsey and a growing chorus of financial advisors have a clear message: don't. Here's why the data backs them up, and what Canadian investors are doing instead.
Most Canadians watch the Bank of Canada for clues about where mortgage rates are headed. But there's a second program quietly shaping what you pay on a fixed-rate mortgage — and most homeowners have never heard of it. The federal government is buying up to $30 billion in Canada Mortgage Bonds (CMBs) this year, and if you're renewing or shopping for a mortgage in 2026, understanding this program could change how you time your decision.
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MONEY IQ ANSWER
b) 19% Canadian tech job postings have fallen 19% since 2020 — and the drop is even steeper in Vancouver, where postings are down 43%. The decline coincides with a wave of AI-driven restructuring at major tech companies, leaving Canadian workers with limited legal protection. Under current labour laws, less than 10% of workers have recourse when their roles are eliminated due to technological change.
That’s it for today. See you soon with another quick roundup of the financial news that matters.