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Speaking at Global Risk Institute summit on Wednesday, Routledge said he was worried that the requirement by lenders to run the “OSFI stress test” is making Canadians feel the regulator is too directly involved in their affairs.
“If I were that person, I would feel regulated by OSFI. And that’s what we hear from Canadians. And I don’t think that was ever part of its intent.”
The concern helped lead to OSFI’s announcement last week that starting Nov. 21, it would no longer require a stress test for uninsured mortgages when borrowers are making a straight switch between lenders, meaning they aren’t changing things like their amortization or borrowing amount.
Only between 2% and 6% of borrowers make such a switch, so while it was something Routledge previously maintained was part of sound underwriting practices, the agency no longer saw it as worth the cost…
Competition Bureau gets court order for probe into Canadian Real Estate Association – Yahoo Canada Finance
– news.google.ca
But as the adage goes, there’s more than one way to skin a cat—or in this case, to weight an index. With the growing dominance of the Magnificent 7 tech giants—Alphabet, Amazon, Apple, Microsoft, Nvidia, Meta and Tesla—some Canadian investors are raising eyebrows at the potential concentration risk in these cap-weighted indices…
Amid renewed investment by grocers in their store-branded offerings, studies show many shoppers no longer see store brands as lower quality than name brands.
“For customers, the private brand is becoming not just a knockoff,” said Annie St-Laurent, senior director for Metro’s private-label portfolio. “The growth is really good in private label.”
Grocers’ in-house brands—like Metro’s Irresistible and Selection, Loblaw’s No Name and President’s Choice, and Sobeys’ Compliments and Panache—tend to be priced lower than their name-brand competitors.
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Grocery retailers responding with new products, more shelf space
Private-label brands are “having their moment,” according to a report by agriculture-focused co-operative bank CoBank. Shoppers are choosing store brands more often as the recent bout of inflation pushed prices up by double digits in just a few years, and interest-rate hikes added to the pressure…