Industry News

Affordability may create mortgage boooooo-m

A slight drop in home prices and lower mortgage rates in the third quarter have led to an improvement in Canadian affordability, shows the Desjardins Affordability Index (DAI). The improvement in affordability stems from faster income growth and the drop in mortgage rates. An improvement by the DAI therefore indicates that it’s less onerous for […]

By Staff |October 31, 2012

1 min read

Standard Life posts strong performance in Q3

Standard Life Financial saw its premiums and deposits reach $1.6 billion in the third quarter of 2012.

By Staff |October 31, 2012

2 min read

Scotiabank names new president

Scotiabank has named Brian Porter as its president, effective November 1, 2012.

By Staff |October 31, 2012

1 min read

“Chinese Warren Buffett” convicted of fraud

Weizhen Tang’s battle against the OSC and the justice system came to a halt yesterday when a jury convicted him of fraud.

By Wire services |October 31, 2012

1 min read