Households in British Columbia have reported high levels of anxiety over their debts with almost two thirds saying the worry “is constant”
The recent decision of the Bank of Canada to hold steady on interest rates and governor Stephen Poloz’s prediction for second-quarter growth have been questioned by the president of mortgage broker Canadalend.com.
The Toronto-Dominion Bank has announced that it will make a “significant” donation to Frontier College in Vancouver next week.
The total level of debt held by Canadian households has increased to $1.54 trillion.
As house prices have escalated the prudent approach to mortgage downpayments has rapidly been replaced by additional borrowing.
HSBC has announced 25,000 jobs cuts across its international operations amid restructuring that will see more focus in the East.
A lawyer in Ontario is urging Teranet and other parties to make changes to rules which allow non-lawyers to register and discharge mortgages.
The weekly Canadian Confidence Index from Bloomberg and Nanos Research has been trending lower in recent weeks and that continued last week.
Canada’s first financial literacy leader, appointed just over a year ago, will be setting out her strategy at a meeting in Toronto Tuesday.
A former mortgage broker and a former lawyer have been charged with an alleged mortgage fraud in Calgary.
Three of Canada’s largest mortgage lenders and banks have demonstrated their social responsibility this week.