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The financial overhaul is about more than exotic derivatives and complex risk assessments. It will change how you interact with the financial system every day, from swiping your debit card at the store to applying for a mortgage. That includes new rules governing how we bank, borrow and invest, plus the creation of a new [...]
The Canadian housing market gets a few indicators in the coming week, following this past week’s warning from the Canadian Real Estate Association that the residential real estate sector will see a slowdown this year and next. On Tuesday, Canada Mortgage and Housing Corp. is slated to release housing-start figures for May. On Thursday, Statistics [...]
This article highlights the five primary reasons that banks decline commercial loan applications. The reasons provided below do not represent obscure issues, so it is likely that two or three of the reasons described will be important for typical commercial loan situations. The first two reasons (business plans and tax returns) will potentially impact all [...]