Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook
Banks and other lenders have been stretching out amortizations to reduce monthly payments
- By: Ian Bickis, The Canadian Press
- October 2, 2023 October 2, 2023
- 16:21
Banks and other lenders have been stretching out amortizations to reduce monthly payments
The computer issue comes only weeks after Laurentian completed a strategic review without a deal to sell the bank
European regulators flag growing greenwashing risk
Toronto-based Obsiido plans to launch a service for advisors later this year
Undertaking doesn't preclude regulator's enforcement action, court finds
Plus, Evolve launches covered-call bond ETF
That compares to a surplus of $6.3 billion during the same period last year
Firms not disclosing investments' negative ESG impact, Paris alignment
Annual rate pegged at 4.3% this month, a drop from 5.2% in August
Another 10 firms sanctioned for extensive recordkeeping violations
Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting
Services-producing industries gained 0.1% in the month, goods-producing industries contracted 0.3%
'Hot print' from Micron Technologies boosted enthusiasm for tech stocks, says portfolio manager
Central bank sees slowdown in wage gains from collective agreements
Rise in benchmark short-term rate to 0.75% is aimed at curbing inflation
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Execs that previously pleaded guilty in fraud case accept regulatory sanctions
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
QAFP exam has one more sitting before title protection transition ends
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