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Business and financial district in a city with pillars

Banks will allow customers to defer mortgage payments for up to six months

Toronto skyline in financial district

The move is designed to provide stable funding to banks and mortgage lenders

  • By: Staff
  • March 16, 2020 March 16, 2020
  • 17:33
Toronto skyline in financial district

To bolster the economy, the regulator has also put mortgage stress test changes on hold

Toronto skyline in financial district

The virus has so far killed one Canadian and infected 60 people in the country

Young business woman suffering stress working at office computer

Oil prices were already under pressure — and things could be getting worse

Credit unions have held first place since 2009 in CFIB's Banking Service Report Card

Close up business man signing contract making a deal, classic business

According to the bank’s proxy circular, Bharat Masrani earned a total of $12.6 million in 2019

Businessman checking reported profits on the paper and laptop.

Chief executive Francois Desjardins says the bank will address its revenues and expenses

photo of hands holding pen under document and pressing calculator buttons

Each of the bank’s five main rivals beat analyst expectations in Q1

The bank reported a profit of $610 million