Financial institution watchdog says the banks should stress test for 40-50% drop in housing prices. Some of Canada’s banks must stress test their ability to withstand a 50 per cent drop in housing prices in Metro Vancouver area and a …
By Tiffany Greene, with contributions from Evan Shao and Stephen Punwasi Shots fired! While our media has been pointing out how Chinese buyers are driving up real estate prices, the Chinese media has been dissecting our economy and government, and …
But did you see this shocking paragraph, tucked away on page 223? INTRODUCING A BANK RECAPITALIZATION “BAIL-IN” REGIME: To protect Canadian taxpayers in the unlikely event of a large bank failure, the Government is proposing to implement a bail-in regime that …
Russian President Vladimir Putin signed an anti-terrorism law, but for the country’s many churches, the signature sparked a demand for prayer and fasting. The bill toughens punishment for acts deemed to be terrorism and for the organization of “mass unrest,” …