News & Updates hero image

News & Updates

OSFI sets new mortgage rules, including stress test for uninsured borrowers

Oct 17, 2017

Canada's top banking regulator has published the final version of its new mortgage rules, which include a requirement to "stress test" borrowers with uninsured loans to ensure they could withstand...

Ex-Liberal finance minister says Trudeau’s tax changes driving out businesses

Sept 22, 2017

OTTAWA — A big Canadian player has quietly picked up his chips and is heading for the exit amid the tumult over the Trudeau government’s controversial tax proposals.

Bank of Canada raises interest rate for 1st time in 7 years to 0.75%

Jul 12, 2017

The Bank of Canada has raised its key interest rate as expected to 0.75 per cent — the central bank's first move upward in the cost of borrowing in seven...

Applications open for 1st-time B.C. homebuyers loan

Jan 16, 2017

Applications are open for the B.C. government's new Home Partnership program, which provides loans of up to $37,500 to help first-time homebuyers fund their down payment in the province's pricey...