Layoffs and reduced wages will lead to financial hardship for many, DBRS warns
Consumer borrowing slowed as government Covid-19 relief efforts kicked in
Activity in the first two weeks of May was stronger than in the previous month
BMO Asset Management has licensed the index for a new ETF
Even with support from governments and lenders, the agency expects mortgage arrears to increase
The FSRA was expected to transfer authority to the OSC in July
The Canadian Bankers Association says banks have fielded almost 500,000 requests for deferrals
The program provides liquidity to banks
Banks will allow customers to defer mortgage payments for up to six months
The move is designed to provide stable funding to banks and mortgage lenders