As a bank, Xceed would have more flexibility to offer other financial products besides mortgages
Job losses worse than expected in Canada while unemployment rate falls in the U.S.
The firm realized lower investment-management fee income as a result of the lowered market value of assets invested in its funds
Positive economic news and rising markets drive improved consumer confidence
Alberta and B.C. see the greatest growth in delinquency rates, although they are still lower than the national average
A reduction of the dividend by 50% is intended to boost the company’s capital levels
Increase achieved through a combination of margin improvement measures, improved productivity, diligent risk management and attractive securitization volumes and spreads
Revenue rose, but net income fell as a result of adjustments in converting back to a corporation
But quarterly earnings reports may temper those gains