CIBC Now #4 In Canada
CIBC – Overtakes Scotiabank In Market value Canadian Imperial Bank of Commerce has inched past Bank of Nova Scotia in market capitalization to become Canada’s fourth-most valuable bank. CIBC has…
Risk of Higher Borrowing Costs
Office of the Superintendent of Financial Institutions states higher risk ahead. For consumers, higher borrowing costs create mortgage challenges. Home prices in Canada rose steadily for years with few price…
Mortgage Payment Term Shock
People are finding it hard to believe what the several recent interest rate hikes have turned their Variable mortgages into. Peter Routledge, head of Canada’s banking regulator, warned in September…