Good afternoon. In today’s letter we’re covering: 

Today’s reading time is 3 minutes.

Young Canadians are looking for love, but they’re also looking at their bank accounts. A new survey released by TD found 52% of Gen Z want their partner to sign a pre-nup before marriage or common-law, well above the national average of 31%. They're also the most likely to weigh a partner's net worth, with 65% calling it important and one in four saying they wouldn't date someone who earns less. Across all age groups, financial dishonesty is a top deal-breaker, with 71% saying they would consider ending a relationship over it. Despite that, nearly half of Canadian couples don't set a monthly budget together, and 41% didn't have "the money talk" until they'd already moved in or tied the knot.

The Harvest Diversified High Income Shares ETF (TSX: HHIS) just celebrated its first birthday, and the numbers speak for themselves: over $1.3 billion in assets under management in just 12 months.

That kind of growth doesn't happen by accident. HHIS has delivered exactly what investors want: high yield combined with strong performance, wrapped in a diversified strategy that spreads risk across multiple sectors.

Here's what makes HHIS stand out:

Whether you're building income streams for retirement or looking to diversify your portfolio with yield-focused holdings, HHIS has demonstrated it can deliver.

One year down. Billions in confidence earned. Ready to see what the strategy can do for you?

Canada's mortgage renewal wave is well underway, and arrears are still historically low, according to the the Canada Mortgage and Housing Corporation (CMHC). One outlier, however, is Toronto, where the arrears rate has more than quadrupled from post-pandemic lows and is expected to keep climbing through 2026, driven by high debt loads, softening home prices, and a weaker local job market. Vancouver is seeing a slower but steady rise too. Pandemic-era first-time buyers are the most vulnerable group nationally, facing sharp rate resets on already-stretched budgets.

Chinese regulators have advised the country's biggest banks to limit purchases of U.S. government bonds and trim positions where exposure is high, according to Bloomberg. Officials framed the move as routine risk diversification rather than a geopolitical shot across the bow, but it comes as global investors increasingly question Washington's fiscal discipline and the U.S. dollar's strength. China's overall Treasury stockpile has nearly halved since peaking in 2013, dropping to US$683 billion — its lowest since 2008. For Canadian investors and pension funds with significant U.S. bond exposure, it's a reminder that even traditional safe havens aren't immune to shifting sentiment.

Quick check:

Why it matters: Errors on your credit report can cost you mortgage rates, credit approvals, and even job opportunities. Identity theft shows up here first. You're entitled to free reports from Equifax and TransUnion once a year, but most Canadians never look. It takes 10 minutes and catches problems before they snowball.

If this is you: Go to Equifax.ca or TransUnion.ca and request your free annual report. You'll need to verify your identity with past addresses or account numbers. Scan for accounts you don't recognize, wrong balances, or old addresses. If something looks off, file a dispute through the same portal. They have 30 days to investigate. Do this once a year, and set a calendar reminder so you remember.