canadian banks News and Articles | My Blog
Five of six Canadian banks predict sharper rate cut as inflation slows
10/21/2024 | Posted in Interest Rates by Paul DeAdder
Five of Canada's biggest banks are now expecting a larger-than-usual interest rate cut from the Bank of Canada after inflation numbers came in lower than anticipated.
... MoreMarket participants still expect the first Bank of Canada rate cut in April
2/5/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by ... More
Another rate hike coming, say Big Six banks
7/7/2023 | Posted in Interest Rates by Paul DeAdder
All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates next week after the country’s labor market tripled expectations in ... More
Canadian banks expected to tighten home equity line of credit access
4/30/2020 | Posted in Canadian HELOC by Paul DeAdder
Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for
... MoreCanadian banks have processed 670,000 mortgage deferrals in first month
4/17/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More
Big Six banks slash prime rates by half a point
3/17/2020 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More
Changing the stress test may raise credit risk for banks says Fitch
2/27/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More
CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test
1/8/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More
OSFI increases domestic buffer to 2% amid household debt risk
6/6/2019 | Posted in GTA Real Estate by Paul DeAdder
Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks.
... MoreHousehold debt to have knock-on effect upon banks, economy
4/29/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canadians now owe an average of $1.79 for every dollar of disposable income.
... More3/12/2019 | Posted in Canadian Housing Market by Paul DeAdder
Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate.
... MoreMortgage growth has shrunk to 17-year low
2/5/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More
Big banks tighten grip on mortgage market after rule changes stifle competition
12/14/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender
... MoreCanadian banking system outlook revised to stable from negative by Moody's
9/6/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Moody's revises its outlook for the Canadian banking system to stable from negative, as the ratings company now sees the Canadian government less likely ... More
Canadian household debt compromising banking system
3/12/2018 | Posted in Financial Health by Paul DeAdder
Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at ... More
Amid fraud allegations, S&P lowers Canadian banks' risk metric
2/28/2018 | Posted in Financial Health by Paul DeAdder
Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks.
... More