Canada's Bank Regulator May Revamp Stress Test, Bloomberg Does Journalism

#canadianrealestate #canadianeconomy #Canadianinterestrates

Canada’s banking regulator, OSFI, is considering removing and/or revamping the mortgage stress, hoping to address some of the pandemic stresses. Meanwhile, Bloomberg engaged in a genuine attempt at journalism, grilling OSFI’s head, Peter Routledge, on TD’s money laundering in the United States.

Links:

Superintendent of Financial Institutions defends regulators' record after TD’s guilty plea:

https://www.bnnbloomberg.ca/business/...

26% of Canadians plan to buy an investment property by 2028: Survey:

   • 26% of Canadians plan to buy an inves...  

TD Bank fined $3B US after pleading guilty in historic U.S. money-laundering case:
https://www.cbc.ca/news/business/td-b...

Bank of Canada interest rate announcement and release of the Monetary Policy Report:
https://www.bankofcanada.ca/2024/10/f...

Canada’s banking regulator OSFI to cap mortgages to highly indebted borrowers:

https://www.theglobeandmail.com/busin...

Minimum qualifying rate for uninsured mortgages:

https://www.osfi-bsif.gc.ca/en/superv...

A 47-year mortgage? They're out there — and even longer ones could be coming:

https://www.cbc.ca/news/business/mort...

Borrowers at TD, BMO, CIBC see their mortgages balloon due to sharp rise in interest rates:

https://www.theglobeandmail.com/busin...

Lenders now seeing 60-, 70-, even 90-year mortgages as Canadians struggle with rocketing interest rates:

https://www.thestar.com/business/lend...

OSFI’s Annual Risk Outlook – Fiscal Year 2024-2025:

https://www.osfi-bsif.gc.ca/en/about-...

OSFI says mortgage payment shock poses a key risk to Canada’s financial system:

https://www.canadianmortgagetrends.co...

Canada 5 Year Government Bond:

https://www.marketwatch.com/investing...

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