Housing correction would hit specialty banks hardest: DBRS report
Among the Big Six banks, CIBC is more exposed to a housing downturn
- By: James Langton
- July 10, 2017 July 10, 2017
- 10:30
Among the Big Six banks, CIBC is more exposed to a housing downturn
Gopaul becomes the association’s third chairman, following in the footsteps of Atul Tiwari and Howard Atkinson
Geneva Advisors will build on the Toronto-based bank’s recent acquisition of PrivateBancorp
All eyes will be on the Bank of Canada on Wednesday amid expectations it will raise its key interest rate
Loonie gains ground
Credit rating agency concerned about growing provincial debt
The self-regulatory organization has ordered almost $2.7 million in monetary sanctions so far this year
Ombudsman service plans other improvements after surveying institutions
Unemployment rate edges down to 6.5%
Stronger, stable earnings have increased the banks ability to absorb any negative shocks
Frank Mersch will continue to manage the funds with their original mandates
The S&P/TSX composite index rose 58.63 points to 32,058.73
The central bank issued a summary of its overnight-rate deliberations earlier this month
Americans’ assessments of their current economic situation tumbled: survey
Retail investors targeted by so-called investment groups on social media
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
High-profile firms and their clients were targeted in 2025
The pension fund's 50% share of the initial capital commitment is roughly $1.8 billion
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record