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Bank of Canada calls for reforms to make shadow banking system more resilient

Bank of Canada calls for reforms to make shadow banking system more resilient

For instance, the securitization of government-insured mortgages has more than doubled over the past five years, which may be exacerbating the buildup of household debt, said Lane. Also, banks and other institutions may be tempted to issue mortgages to …
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How Bernanke is going to change the lives of Canadians — again

In spring 2009 the prime rate for major Canadian banks fell to 2.25 per cent. A secured line of credit was as low as 3 per cent and a variable rate mortgage could be as low as 1.5 per cent. As a result we borrowed in record amounts to helped fuel the …
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Fitch Affirms Ratings for 3 Canadian Mortgage Covered Bond Programs

Fitch Ratings has affirmed 3 Canadian mortgage covered bond programs following their annual reviews which incorporate the agency's new Canadian Residential Mortgage Loan Loss Model Criteria released May 15, 2013. The ratings of the outstanding …
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