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Finance
Finance
What you need to know about deferring mortgage payments
With more than a million Canadian homeowners trying to defer payments, many with little success, five mortgage brokers offer insight and advice
Mar 26, 2020 6:59 AM
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Federal government repackages EI support benefit for workers affected by novel coronavirus
The Canada Emergency Response Benefit will provide workers with $2,000 a month for four months
Mar 25, 2020 8:48 AM
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Federal agency allocates $5BN to help struggling farmers
Farm Credit Canada boosts capital to assist farmers to meet cash flow, defer loan payments
Mar 24, 2020 9:54 AM
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Interest rates on new mortgages increasing, despite Bank of Canada rate drop
Fixed mortgage rates hiked, discounts on variable rates slashed as banks desperately seek liquidity, while government intervenes
Mar 20, 2020 1:41 PM
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Canada’s big banks, credit union announce mortgage payment deferrals
Big Six and Vancity offering up to six months payment free for mortgage holders unable to make payments due to pandemic
Mar 18, 2020 1:44 PM
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Ottawa to roll out $82BN economic stimulus package
Federal government to offer $27 billion in direct support to struggling Canadians, plus $55 billion in tax deferrals
Mar 18, 2020 10:02 AM
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Commercial lenders increasingly averse to retail sector
Nearly 40 per cent of lenders have wholly discounted retail assets from their portfolios, according to report
Mar 17, 2020 7:11 AM
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Mortgage stress test changes suspended indefinitely: OSFI
Following emergency Bank of Canada interest rate cut, financial regulator puts easing of mortgage stress test on ice
Mar 16, 2020 10:09 AM
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Emergency Bank of Canada rate cut will add fuel to housing sales
Some variable-rate mortgage holders will be paying rates as low as 1.95 per cent; mortgage stress test nearly nullified
Mar 13, 2020 2:05 PM
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Canadian reverse mortgage debt tops $4BN for first time
Reverse mortgage debt increased 13 per cent over one year, as more seniors choose to stay in their homes
Mar 11, 2020 7:00 AM
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