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Canadian Banks Put Aside Over $2.5 Billion For Mortgage Losses Last Quarter

Canadian banks are exercising a little more caution when it comes to mortgage debt. Bank of Canada (BoC) data shows allowance for credit losses on mortgages jumped in Q3 2019. The rise is slowing down from the previous quarter, but is still growing much faster than mortgage credit. Allowance for Credit Losses Allowance for credit […]

The post Canadian Banks Put Aside Over $2.5 Billion For Mortgage Losses Last Quarter appeared first on Better Dwelling.

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