Good morning! This is Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements and other government-related news for professionals in the financial industry, banking, credit unions, insurance, payment processing, fintech, credit card issuing, asset management, venture capital, private equity, and crypto-currencies. Every Monday, we break down the most important updates in this space in under five minutes.

Looking to elevate and streamline your approach to government relations with more data-driven solutions? Queen Street Analytics is here to help you achieve your goals faster, smarter, and more effectively. Let's start the conversation. Reach out at contact@queenstreetanalytics.com to learn how we can support your success.

Start Date: 2025-05-19
End Date: 2025-05-24

Top Headlines

Main Stories

April CPI Growth Slows to 1.7% as Seasonally Adjusted Prices Dip

Statistics Canada reported that the Consumer Price Index rose 1.7% year over year in April, marking a deceleration from March's 2.3% pace. On a seasonally adjusted monthly basis, the CPI decreased by 0.2%. The report provides additional insight into inflationary trends relevant to lending, borrowing, and consumer finance.

Sources: Open Government Data Set: www.statcan.gc.ca

Canadian Corporate Profits Climb 2.7% in Q1, Financial Sector Sees Strongest Growth

First quarter net income before taxes for Canadian corporations increased by $4.2 billion (+2.7%) to $161.2 billion, according to Statistics Canada. The financial industries posted a 7.2% gain, outpacing the 0.9% growth among non-financial industries. This performance signals a substantial contribution of the finance sector to overall corporate profits.

Sources: Open Government Data Set: www.statcan.gc.ca

Household Credit Liabilities Rise to $3.06 Trillion as Mortgage Growth Slows

In March, total household credit liabilities rose by 0.3% or $10.1 billion, reaching $3,062.9 billion. Real estate secured debt grew by 0.3%, with mortgage debt up $7.0 billion, reflecting a slowdown from February’s 0.4% increase. The Bank of Canada policy interest rate decreased by 25 basis points to 2.75% during the same period.

Sources: Open Government Data Set: www.statcan.gc.ca

G7 Finance Ministers' Meeting Targets Growth and Anti-Financial Crime Coordination

François-Philippe Champagne announced the conclusion of the G7 Finance Ministers’ Meeting in Banff, where participants focused on restoring global growth and stability with coordinated efforts to combat financial crime and support Ukraine. The meeting centered on policy responses to global market turbulence and financial system risks.

Sources: Social Media: x.com

Important Updates

Secondary Stories

Parliamentary Notices Outline Procedures for Banking Company Charter Amendments

New notices in the House of Commons describe publication and procedural requirements for banking and insurance company charter amendments, bond issues, or capital stock changes.

Sources: Gazette, Part I: www.gazette.gc.ca

Provincial Announcements

Alberta Finance Minister Launches Europe Mission to Attract Bond Investment

Finance Minister Nate Horner will visit several European countries for meetings with bond investors and to discuss Alberta’s fiscal plan and investment opportunities.

Sources: Provincial Announcement: www.alberta.ca

Public Officials' Social Media

MP Adam Chambers addressed the impact of central bankers' policies on asset prices and home affordability, calling for accountability.

Sources: Social Media: x.com

MP Jasraj Singh Hallan announced his appointment as Shadow Minister for Finance and emphasized economic management and affordability concerns.

Sources: Social Media: x.com