Canada Economy News Today (December 3, 2025): Big Bank Earnings, Cooling Housing and a Cautious Bank of Canada
Canada’s economy is sending mixed signals this Wednesday, December 3, 2025. Big banks are reporting strong profits and raising dividends, the stock market is hovering near record highs, but the housing market – especially in Toronto – is clearly soft, and the Bank of Canada is in no rush to cut interest rates further. Here’s a full look at today’s key developments for the Canadian economy. 1. Big Banks Deliver Strong Earnings and Bigger Dividends Royal Bank of Canada posts record year Royal Bank of Canada (RBC), the country’s largest lender and a heavyweight on the TSX, reported its fourth‑quarter