BANKING AND MORTGAGES
CIBC’s exposure to real estate correction is highest among Canada’s banks Analysts say CIBC’s portfolio of uninsured mortgage and home equity loans is 5.4 times its regulatory capital, which higher than last year and highest among the major banks. In the fourth-quarter of 2015, CIBC reported $930-million in net income, raising its quarterly dividend. (NATHAN DENETTE...... Read More
2 big banks raise alarm over Toronto housing ‘bubble’
ANALYSIS 2 big banks raise alarm over Toronto housing ‘bubble’ Housing price surge of 23% in a year can’t continue, BMO and TD warn By Pete Evans, CBC News Posted: Mar 17, 2017 5:00 AM ET Last Updated: Mar 17, 2017 12:22 PM ET Toronto housing prices have broken with fundamentals and are in bubble territory,...... Read More