Following recent warnings about the heat in the Toronto housing market from some economists, the chief investment officer of Sun Life Financial has voiced his concerns
He’s used to passing on a deal offered in the Shark Tank, America’s version of Dragon’s Den, but Kevin O’Leary would also have said “I’m out” to Stephen Poloz’s interest rate cut.
Investment in non-residential construction fell 0.8 per cent in the second quarter of 2015 to $12.8 billion, the second consecutive quarterly decline.
Following yesterday’s decision by the Bank of Canada to cut interest rates to 0.5 per cent some major mortgage lenders have reduced their rates but as predicted they have stopped short of the full 25 basis points.
Reacting the Bank of Canada’s cut in interest rates many economists are predicting they will have to stay low for some time.
Some commentators are nervous of how the interest rate cut will impact the housing market in the months ahead.
CIBC analyst, poll suggests little impact of any rate cut… Confidence index continues to slide… US mortgage banking revenue dips for Wells Fargo… Scotiabank expands global footprint…
Shares in Toronto-based alternative mortgage lender Home Capital Group dropped by up to 15 per cent following disappointing financial results.
The Royal Bank of Canada announced Tuesday that it is selling its Swiss private banking operation RBC Suisse.
Mortgage lender CIBC has opened new branches this week.
National Bank’s annual One for Youth Bicycle Tour has raised $125,000 for Montreal charities.