Fairstone’s Laurentian deal to boost credit profile—but pressure margins, DBRS says
A new DBRS report suggests the acquisition could strengthen the combined lender’s credit profile, while shifting its…
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BMO accelerates U.S. growth, seeing path to reach target quicker
The new head of Bank of Montreal’s U.S. operations is ramping up growth plans for the Canadian banking giant south of…
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U.S. regulators unveil plans to ease big bank capital rules
Wall Street lending giants would get relaxed capital requirements under proposals unveiled by the Federal Reserve on…
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Toronto home prices down 24% — history suggests the correction may not be over
GTA home prices are down more than 24% from their 2022 peak, but history suggests the correction could take years to…
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Quebec projects smaller deficit, aims to balance budget by 2030
Quebec says it will trim its budget deficit in the years ahead as it brings in more tax revenue and restrains new…
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U.S. mortgage rates hit highest this year, slowing refinancing
U.S. mortgage rates jumped last week to the highest level of the year, leading to a sharp pullback in refinancing…
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Bond market prices out U.S. rate cut hopes as Fed’s message sinks in
The Federal Reserve has been signalling for months that further interest-rate cuts were far from guaranteed. On…
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Canada’s population falls for second consecutive quarter
Canada’s population declined again in the fourth quarter as the number of non-permanent residents in the country…
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