CIBC has about $52 billion of variable\u002Drate mortgages with monthly payments that aren\u0027t even covering interest. Read more
had about $52 billion of variable-rate mortgages with monthly payments that weren’t covering even the interest portions of the loans. The bank was allowing borrowers to extend amortization periods to make up for it.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
We encountered an issue signing you up. Please try againSuch accommodations — a response to one of the most aggressive rate-hiking campaigns in the Bank of Canada’s history — can continue because most borrowers have significant equity in their homes and built up extra savings during the pandemic, Dodig said. Canadian regulations also required many homeowners who borrowed years ago to qualify at today’s higher rates, meaning they have the ability to make higher payments, he said.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Scotiabank, CIBC emphasize financial stability at shareholder meetingsHeads of CIBC, Scotiabank emphasized sound financial footing in the wake of several high-profile bank failures while also acknowledging they have work to do
اقرأ أكثر »
Rogers CEO Staffieri to tackle integration, debt now that $20-billion Shaw deal is closedThe move caps a two-year effort to combine the companies and transform Rogers into a national player. Now the hard part begins for Mr. Staffieri
اقرأ أكثر »
Rogers CEO turns to cost cuts and customers with megadeal finally done - BNN BloombergRogers Communications Inc. has finally gained control of Shaw Communications Inc., emerging from two years of legal battles, family intrigue and government lobbying to complete one of Canada’s biggest-ever corporate takeovers. Chief Executive Officer Tony Staffieri doesn’t want to look back.
اقرأ أكثر »
'A big day for us': Rogers CEO sees healthy competition ahead as Shaw deal closesQuebecor CEO also sees competition rising as Canada\u0027s fourth national carrier. Read more.
اقرأ أكثر »
'A big day for us': Rogers CEO sees healthy competition ahead as Shaw deal closesQuebecor CEO also sees competition rising as Canada\u0027s fourth national carrier. Read more.
اقرأ أكثر »
Rogers CEO turns to cost cuts and customers with megadeal finally doneRogers Communications Inc. has finally gained control of Shaw Communications Inc., emerging from two years of legal battles, family intrigue and government…
اقرأ أكثر »