Bank capital reforms poorly timed, Scotia warns
Tougher capital rules may lead to sharply lower lending
- By: James Langton
- May 24, 2024 May 24, 2024
- 18:02
Tougher capital rules may lead to sharply lower lending
However, StatsCan says its early estimate of the metric for April was a 0.7% increase
Grocery prices, general inflation and housing-related costs are the top sources of financial stress
Meeting minutes show that officials debated whether their benchmark rate was exerting enough of a drag on the economy
Regulator says homeowners could face payment shocks due to higher interest rates when they next renew their mortgages
Markets drove both mutual fund and ETF assets lower in April
Median price of previously occupied homes rose 5.7% to $407,600 — the tenth straight increase and a record for April
Trade deficit in April grew nearly 8% from a year earlier
Almost a third of Canadians believe the cause is grocery stores trying to increase profit margins
Net assets for year ending March 31 totalled $632.3 billion
Consumer price index shows inflation’s fall to lowest level in nearly three years but still above Bank of England's target
Open banking, fintech can enhance innovation, DBRS Morningstar says
Cost of latest trade salvo is low, but it escalates tensions, Moody's says
The slowdown from 2.9% in March was led by food prices, services and durable goods
Household debt levels rise in March, StatsCan reports
Portfolio outflows reach record levels in March, first quarter, StatsCan says
The central bank said it will reduce the minimum down payment for mortgages
Brighter earnings prospects underpin growing optimism, survey finds
However, ranks of unemployed women grew in the month
Compared with year ago, sales up 10.1% in the month
Commerce Department says retail sales unchanged in April as Americans unexpectedly pause spending
The seasonally adjusted annual rate of housing starts in Canada came in at 240,229 units for April, a drop of 1% from March