The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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CIBC expects ‘moderation’ in new mortgages as new regulations take shape
– canadianbusiness.com
Soaring home prices have been a boon to mortgage businesses, but recent government efforts to cool the housing market could impact lenders if the economy falters, CIBC said Thursday.
While Canada’s economy is pumping out jobs and growing at a steady pace, a potential shock could put borrowers at risk of foreclosure _ particularly those who have overextended themselves to buy homes, said the bank’s chief risk officer.
“If house prices do come off, we need our borrowers to continue to have their jobs to service their loans,” Laura Dottori-Attanasio told analysts during the bank’s third-quarter conference call.
“But in the event we find ourselves taking on assets, we do have _ and continue to have _ a good buffer as it relates to that loan-to-value.”
CIBC reassured analysts that its loan book, which sits at $197 billion, won’t turn into a problem. The bank took on $16 billion of new mortgages in the quarter, an increase of eight per cent over the same time last year, with more than half in Toronto and Vancouver’s overvalued markets…
While Canada’s economy is pumping out jobs and growing at a steady pace, a potential shock could put borrowers at risk of foreclosure _ particularly those who have overextended themselves to buy homes, said the bank’s chief risk officer.
“If house prices do come off, we need our borrowers to continue to have their jobs to service their loans,” Laura Dottori-Attanasio told analysts during the bank’s third-quarter conference call.
“But in the event we find ourselves taking on assets, we do have _ and continue to have _ a good buffer as it relates to that loan-to-value.”
CIBC reassured analysts that its loan book, which sits at $197 billion, won’t turn into a problem. The bank took on $16 billion of new mortgages in the quarter, an increase of eight per cent over the same time last year, with more than half in Toronto and Vancouver’s overvalued markets…
Air Canada as a long-term investment? Believe it
– theglobeandmail.com
Better-than-expected results for the airline are driven by strong demand for tickets, the ability to squeeze more dollars out of each plane seat, and ongoing efficiencies
A decade later, shock of Caisse’s ABCP debacle still lingers
– theglobeandmail.com
Caisse’s ill-fated move into ABCP more than a decade ago exposed rot underlying Canadian financial system
Is Canada facing a new financial crisis?
– theglobeandmail.com
Economist Steve Keen argues that Canada is now one of a relatively small number of countries, notably including China, which are highly vulnerable to a new crisis
