Following Fed Chairman Kevin Warsh’s hawkish speech at the Jackson Hole symposium in August, interest rates have risen across the curve. On September 11, 2026, the U.S. 2-year note yield briefly reached the highest since July 2024 (over 4.60%), and similarly the US...
Over the past year, the Big Six Canadian banks have returned 53%, 1.6 times the 32% return for the S&P/TSX Composite Index.1 The Big Six now trade at about 15 times expected earnings, well above the 10 to 12 times investors paid through most of the past quarter...
