Low rates can raise risks at Canadian banks, Dickson says #yeg #yegre

Julie Dickson, Canada’s banking regulator, said the current period of low interest rates threatens to increase risks for the country’s lenders and that it has become an issue she’s closely monitoring. Bank regulation and supervision need to be a “strong line of defense” against the consequences of sustained low interest rates, which could include falling…

Home ownership a passion for Canadians #yeg #yegre

Canadians have a love affair with their homes, stretching their finances to buy them, sacrificing other things to have a house or condo and remaining deeply in debt even when the numbers suggest they would be better off renting. It is a passion for ownership that has put Canada in the elite company of countries…