Bank

TORONTO – The Ontario Teachers' Pension Plan Board has signed a deal to buy the parent company of reverse mortgage lender HomeEquity Bank.Financial terms of the deal for HomeQ Corp. were not immediately available.Ontario …

TORONTO — The COVID-19 pandemic caused a flurry of consumers to refinance their mortgages as new, low interest rates were offered, but TD Bank Group is seeing signs that the trend is easing up.Greg Braca, the president and chief…

TORONTO — Royal Bank of Canada's chief executive says he supports the federal government's efforts to cool the country's real estate market, but feels it's time to address the lack of housing.``We support recent actions taken by…

OTTAWA – A federal infrastructure financing agency might not meet its near-term plan to fund projects more quickly to foster economic recovery, says a new report by the parliamentary budget officer.As it stands, the budget office…

OTTAWA –The Bank of Canada says it will wind down several pandemic buying and lending programs aimed at keeping credit flowing, believing its work there is done as market conditions improve.In a speech, deputy governor Toni Gravelle…

OTTAWA – The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines.Workers in high-contact…

NEW CANADIAN MEDIAThe decrease in immigration caused by the pandemic has shaken the landscape of Canadian real estate to the core, states a newly released report by the Royal Bank of Canada.''Whether the changes are permanent or…

Representatives from CIBC, EllisDon, Ivanhoé Cambridge and Hines raised a ceremonial last steel beam at 81 Bay Street on January 8th. The event marks the final phase of construction for the first of two office buildings that will become…

CBRE Canada’s recent Q2 2019 Canadian Cap Rates & Investment Insights report states that trade and geopolitical uncertainties remain elevated, and reality led to lower bond yields as trade wars progressed.According to the report,…

TORONTO – A government decision to reduce a planned increase in social assistance will lead to more food bank use in Toronto, the head of a major food bank said Wednesday as his organization released a report indicating more people have…