Canada tightens rules, Stress test changes, Magenta, Recession, BoC, More

Canada tightens rules on riskiest mortgages

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29 June 2022

Top news Canada tightens rules on riskiest mortgages OSFI rules are intended to protect Canadians from systemic banking risks What's been the impact of the stress test change? The measure has proven a necessary one to protect borrowers from rate impact, argues leading executive A different hue with Magenta: Building better tomorrows for borrowers and investors The foundation of this MIC is to help borrowers build a better future for themselves and their families Feds announce substantial new funding for Black-led housing projects Tens of millions have been set aside for the development of housing Analyst: North American economic trends warring between resilience and recession The situation is being inflamed by mounting costs of living, soaring inflation, and central bank rate increases Survey: BoC's credibility is taking serious blows Many Canadians feel that the central bank is not fulfilling its mandate of cooling down inflation while avoiding a recession International news Real estate lender appoints new CEO, announces plans for expansion It sets sights on entering new financial services sectors Fraudster jailed after selling bank hacking software to thousands of criminals UK 'fraud capital of the world': Gangs last year stole more than £1.3 billion Broker franchise network merger progressing well CEO provides update on new structure Recession fears dominate NZ economy Rate to peak at 3.50%, economists predict CMPTV Private lending: What brokers need to know Executives from private lending giants on the main things brokers should keep in mind

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