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CIBC

CEO calls for policies to boost housing supply as prices surge
Business & Finance

CEO calls for policies to boost housing supply as prices surge

  • "Part of the short-term aberration you're seeing here is low interest rates, lots of liquidity, but not enough supply," Dodig said in an interview late on Wednesday.
  • Canada's financial regulator said it will relaunch on Thursday a consultation on the minimum qualifying rate for borrowers of uninsured mortgages. It had suspended the consultation, originally announced in February 2020, less than a month later.
Published 08 Apr, 2021 08:03pm
Sterling steadies
Markets

Sterling steadies

LONDON: Sterling steadied against the dollar on Wednesday and gained against the euro after the announcement of an...
Published 04 Mar, 2021 04:58am
TD Bank, CIBC beat profit expectations on lower loan loss provisions
Business & Finance

TD Bank, CIBC beat profit expectations on lower loan loss provisions

  • Canadian banks have largely avoided an increase in soured loans as several government assistance measures, expected to end this summer, helped profits surpass pre-pandemic levels.
  • TD reported a 14% rise in net income at its Canadian retail banking arm to C$2.04 billion ($1.63 billion), while its US retail business recorded a drop of 13%.
Published 25 Feb, 2021 06:28pm