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TD hires COO and new general counsel amid executive departures
TD hires COO and new general counsel amid executive departures Toronto-Dominion Bank hired a chief operating officer from HSBC Holdings Plc and is replacing its general counsel as two top executives depart the company.
Higher renewal costs test household budgets in Ontario and B.C., says Equifax
Higher renewal costs test household budgets in Ontario and B.C., says Equifax Equifax reports that rising renewal costs are testing household budgets, with Ontario and B.C. most exposed, while mortgage growth remains muted.
Mortgage industry rallies behind Habitat to tackle affordability challenges
Mortgage industry rallies behind Habitat to tackle affordability challenges Mortgage Professionals Canada has partnered with Habitat for Humanity Canada, pledging $100,000 and volunteer support to help build 10 homes across the country.
1.4M consumers missed a credit payment in second quarter: Equifax report
1.4M consumers missed a credit payment in second quarter: Equifax report There’s a deepening divide among consumers, even as the rate of missed credit payments dipped, a new Equifax Canada report shows.
Canadians increasingly turning to their homes as a retirement lifeline
Canadians increasingly turning to their homes as a retirement lifeline Canadians are increasingly counting on their homes to carry them through retirement, with many expecting to draw on property wealth through sales, downsizing or refinancing.
Younger Canadians feel homeownership pressure on par with marriage and children
Younger Canadians feel homeownership pressure on par with marriage and children A new survey suggests that for many younger Canadians, the pressure to buy a home is nearly as strong as societal expectations to marry or have children.
CIBC’s Exshaw to lead capital markets after Culham tapped as CEO
CIBC’s Exshaw to lead capital markets after Culham tapped as CEO Canadian Imperial Bank of Commerce named Christian Exshaw group head of capital markets, part of a series of appointments that accompany Harry Culham becoming chief executive officer later this year.
Canada’s top indigenous bank raises funds as loan demand grows
Canada’s top indigenous bank raises funds as loan demand grows First Nations Bank of Canada kicked off an equity increase of as much as $50 million, seeking to offer more loans to Indigenous firms as they accelerate business development across the country.
CIBC overtakes Scotiabank in market value after stock’s 47% run
CIBC overtakes Scotiabank in market value after stock’s 47% run Canadian Imperial Bank of Commerce has inched past Bank of Nova Scotia in market capitalization to become Canada’s fourth-most valuable bank, as investor sentiment shifts in favour of lenders with more exposure to the domestic market.
What’s moving Canada’s mortgage market this week
What’s moving Canada’s mortgage market this week A few notable data points this week could offer fresh insight into housing activity and the broader economy.