Stocks in Canadian mortgage lender Home Capital recovered some of their lost value Thursday following a 64 per cent slump on the Toronto Stock Exchange in the previous session
The level of household debt held by Canadians is a frequent topic of discussion but in the past week there has been a lot of discussion among economists about whether it’s a concern or not.
The Bank of Canada will announce its latest decision on interest rates Wednesday but most analysts expect Governor Stephen Poloz to announce that it is sticking at the current 0.75 per cent.
Donald Trump’s right-hand man on TV’s “The Apprentice” says that contrary to popular opinion Canada’s property market is not overvalued.
Banks are increasingly interested in the credit card market as profits from loans and mortgages become tighter and Canada’s Toronto-Dominion has made a big commitment to the sector.
A new poll by CIBC found that Canadians seem less keen to save than the government would like.
Canadians with at least $1 million of investible assets have homes worth an average of $1.5 million.
The latest survey of Canadian confidence by Bloomberg/Nanos shows a rebound in overall sentiment last week compared to the week earlier.
The best-performing brokers with MCAP will have access to a new line of credit called Fusion from this week.
A new study released on Monday by Canada Mortgage and Housing Corp. (CMHC) claims lower oil prices are expected to help contribute to a split in the Canadian housing market.
Foreign investors do not seem to be Canada’s major housing problem, but it is those who sell properties within a short period of buying them who are causing the affordability dilemma, especially in Vancouver.