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Tag Archives: Banks

Canadian Real Estate: Home Completions Moving at Lightning Speed

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The Canadian real estate market is one of the hottest in the world today. Despite the coronavirus pandemic affecting the G20 economy and leaving two million people out of work, the Canadian housing sector has been booming throughout the COVID-19 public health crisis. There have been many factors contributing to this impressive growth nation-wide: historically low interest rates, [&hellip…

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Canadian banks raise some mortgage rates, lower others

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For the first time since the start of the COVID-19 pandemic, Canadian banks raised rates on fixed-rate mortgages. TD Bank (TD.TO), National Bank of Canada (NA.TO), HSBC (HSBC), Royal Bank (RY.TO), Scotiabank (BNS.TO), and BMO (BMO.TO) made moves in response to a rising yield on the Canada 5-year bond. Posted rates remain the same, but special [&hellip…

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CIBC reports strong fiscal Q1

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A client-focused approach throughout the COVID-19 pandemic has yielded robust results for Canadian Imperial Bank of Commerce, which saw its reported net income grow by 34% annually to reach $1.625 billion during the fiscal first quarter. “We made progress on revitalizing our Canadian consumer franchise, furthered the transformation of our bank through technology and innovation, [&hellip…

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