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Bank of Canada’s Rogers Urges Shift by Banks on Mortgage Lending

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Canadian banks and regulators should take a hard look at mortgages that have allowed some households to run up large amounts of long-term debt as interest rates went up, the Bank of Canada’s no. 2 official said.

Biden Jabs at China’s ‘Debt-Trap Diplomacy’ at Americas SummitEmerging Markets Set for Best Week Since July on Fed ReliefBiggest Cross-Asset Rally This Year Takes Wall Street by StormS&P 500 notches best week in 2023 as yields tumbleUS Bank Stocks Bounce as Rate Cut Hopes Drive Best Week Since 2020Solar Stocks Bounce Even as Earnings Disappointments Pile UpSummers Warns Against Investor Rush to Declare Fed’s Job Is DoneOil Heads for Second Weekly Drop as Israel War Still ContainedIsrael...

3 Billion Rescue Deal RejectedShale Patch Wages Hit US Record Even as Drilling Activity SlowsCanadian business insolvencies rise almost 42 per cent from last yearCanada posts meager job gains, unemployment rate climbs to 5.7%St. Lawrence Seaway workers ratify three-year collective agreementStephen Poloz expects year of economic stagnation ahead​The Daily Chase: Shopify soars; Barrick beats expectationsU.S.

Source: Loan Digest (loandigest.net)

 

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