Households in British Columbia have reported high levels of anxiety over their debts with almost two thirds saying the worry “is constant”
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.
All eyes are on Bank of Canada governor Stephen Poloz this week as those in the mortgage business await this Wednesday’s decision in interest rates.