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| Top news |
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| CIBC under remediation orders over mortgage portfolio A routine OSFI audit found multiple violations of underwriting and indebtedness rules, according to reports |
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| OSFI bumps up domestic stability buffer to 3.5% The measure expands the amount of liquid capital the major banks need to hold to address potential vulnerabilities |
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| Rising fixed rates pose dilemma for many borrowers Variable rate hikes have grabbed headlines – but fixed rates are also on the up |
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| How are mortgage applications changing in the 2023 market? Greater complexity often at play due to recent trends, says company president |
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| Housing affordability improving in most cities, new report says The impact of a higher stress test appears to have significantly moderated over the past year |
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| RBC faces pressure on capital as regulator gets tough "It was something that came a bit earlier than expected" |
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| Labour market vacancies continuously shrinking: StatsCan The number of unemployed Canadians has remained relatively stable since October 2022, according to the national statistics agency |
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| International news |
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| When is home affordability bad? When two in three Americans prefer a recession New study shows 64% of Americans "ready for a recession" if it means lower mortgage rates |
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| UK inflation remains high at 8.7% Experts expect a 0.5% increase in the Bank of England base rate |
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| Home sharing on the rise as interest rates bite The rising cost of living is pushing more and more people to share homes as a means of coping with financial pressures |
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| Kiwi consumers still pessimistic This despite a slight uptick in consumer confidence |
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