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Covid19

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How Canada’s Mortgage Lenders Adapted to the ‘New Normal’

The COVID-19 pandemic and the resulting nationwide lockdown forced the country’s mortgage lenders—like many businesses across the country—to adjust their operations in this unprecedented and brave new world of conducting business.

They were faced…

Bank of Canada Reaffirms Its Low-Rate Outlook

Despite a booming housing market and rapid job recuperation, the Bank of Canada warned that the country’s economic recovery will be “heavily reliant on policy support.”

Risks to Economic Outlook “Overblown,” But Rates to Stay Low: Poloz

Canada’s economy may prove surprisingly resilient in its recovery following the COVID-19 lockdown, according to Bank of Canada Governor Stephen Poloz. In his final press conference before stepping down as BoC Governor next month, Poloz said, “I’m relatively optimistic…compared with

Mortgage Lenders Provide COVID-19 Update – Part 1

In a recent panel discussion series hosted by Mortgage Professionals Canada, a cross-section of some of the country’s top lenders provided updates on how COVID-19 has impacted their operations and shaped their outlook.