Canadian banks are set to report second-quarter results following a stable economic period. The quarter showed improvement compared to the previous year, with positive economic data and low mortgage delinquencies. Analysts are concerned about credit quality and the impact of upcoming mortgage renewals. The Bank of Canada noted potential payment increases for some borrowers butRead more
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Canada's banking regulator, OSFI, is imposing a cap on residential mortgages for highly indebted borrowers in anticipation of BOC rate cuts.Effective in Q1 2025, the new rule limits the number of mortgages a bank can issue exceeding 4.5X a borrower’s annual income.Read more
Canada's banking regulator has introduced a cap on mortgages for highly indebted borrowers. The new rule is intended to prevent Canadians from accumulating too much debt.Read more
The Ontario government allocates $155.5M to expedite long-term care construction projects in 2024. The subsidy program, facilitated 67 projects across the province in its first year.Read more
