The Loonie Hour

Financial Watchdog Asks Canadian Banks to Ease Pain on Mortgage Holders

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July 07, 2023 7:09am

1h 1m

The FCAC has asked Canadian banks to work with borrowers to extend amortizations and reduce prepayment penalties for over leveraged home owners. Real Estate stats in Vancouver & Toronto point to a market that is slowing. The ISM continues to roll over. Waiting for Non-farm payroll to drop. Canada plans largest Uranium plant in the world.

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