Half of Canadians doing more to pay down their mortgages, says CIBC
Survey in U.S. and Canada finds consumer debt also source of concern
Case alleges that prepayment clauses in mortgage contracts are invalid
The average Canadian owes nearly $1.63 for every $1 in disposable income earned
BMO is the first big bank to lower its five-year fixed mortgage rate below 3%
Bank joins three other big banks
Increases coming to fixed and variable home mortgage rates
Regulator aims to ensure that banks follow prudent mortgage lending practices
Quebec’s finance minister cautions Jim Flaherty on the consequences of pan-Canadian policies
Regulator maintains that syndicated mortgages are securities; reps must put this business through their fund dealers