About $1B of mortgage payments deferred each month during pandemic: CMHC
As deferral programs end, delinquent mortgages could increase
- By: Jordan Press, The Canadian Press
- September 10, 2020 September 10, 2020
- 15:25
As deferral programs end, delinquent mortgages could increase
Bank economists offer their base-case scenarios
Global market recovery boosted Canada's net international investment position
The economy's recovery is highly uncertain, the bank's president says
Cooler activity is expected toward year-end
Historically, epidemics have changed capital-to-labour ratios, raised real wages and spurred economic growth
Home sales surge as new listings spiked in urban centres
Insurance trade group paper calls for concerted action to address rising climate risks
Employers added 1.4 million jobs, down from 1.7 million in July
Gains were largely concentrated in full-time work
Still, the bank's economic forecasts have improved compared with earlier this year
Non-mortgage debt was down as a result of the economic shutdown, Equifax says
Year-to-date sales have not caught up to this time in 2019, after sales plunged during the spring lockdown
Greater inflation tolerance is expected
August inflows were split evenly between equities and fixed income
Economic activity remains well below levels seen before the pandemic, the Federal Reserve says
Germany to issue green bonds twinned with traditional bonds
Prices also rose in the month
Deal activity got off to a strong start in the second half
Domestic CEOs remain optimistic about growth opportunities for their businesses and Canada