Browsing: Canadian

Canada Mortgage and Housing Corp. says the national mortgage delinquency rate was 0.22% in the second quarter, down from 0.23% in the first.  The percentage of…

A new global analysis suggests Canada’s major metros are among the hardest places on earth for young people to buy their first home, with Vancouver, Toronto…

By Christine Dobby (Bloomberg) — Bank of Nova Scotia is cutting jobs across its Canadian banking division as part of the firm’s effort to boost long-term…

Key insights: Canadian banks, fintechs and commerce companies have come together to develop a Canadian-dollar-backed stablecoin. What’s at stake: The move comes as U.S.-based banks continue…

Canadian Imperial Bank of Commerce will get a new head of U.S. operations this year, as the Toronto-based lender continues its years-long push for stateside market…

Real estate secured debt, which includes both mortgages and home equity lines of credit (HELOCs), grew by $9.9 billion in April, driven almost entirely by the…

By Ian Bickis The uncertainty at the start of the year had banks tucking billions of dollars aside in case the picture worsened for heavily-indebted Canadian…

The $5-billion all-share deal, initially announced in June, is now set to close by February 3, 2025, after receiving approval from the Minister of Finance. This…

Canadian Western Bank, which had originally scheduled the release for December 7, has now rescheduled it for “December 18.”mid-December.” In a statement issued on Saturday, CWB…

When Rebecca Oakes emigrated from the UK to Canada in 2017, she never anticipated that one of the first challenges she’d face would be securing a…