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Top related persons:
Mark Blinch - 2 Hratch Panossian - 2 Dan Rees - 2 Brian Madden - 2 Michael Rhodes - 2 Dave McKay - 2 Nivedita Balu - 2 Denny Thomas - 2
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Toronto Milton , Ontario Canada Bank of Nova Scotia
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REUTERS - 2 Rights - 2 Canada's - 2 CIBC - 2 Bank of Nova - 2 Investment - 2 Thomson - 2

Search resuls for: "Hratch Panossian"


2 mentions found


☆ Analysis: Canadian banks see dip in 30 year-plus mortgages, but risks remain
  + stars: | 2023-09-02 | by ( Nivedita Balu | Thomson Reuters | Nivedita Balu Is A Correspondent For Reuters Based In Toronto | ) www.reuters.com   time to read: +4 min
That has led to a rare situation in Canada where banks are seeing mortgage amortizations getting extended beyond 30 years, sparking calls from regulators to take immediate action to mitigate risks. For the other four banks, mortgages amortizing under 25 years account for a half to nearly three quarters. Scotiabank's Canada head Dan Rees said the bank was now being more "disciplined with regards to customer selection" for new mortgages. Still, the risks remain elevated as consumers are struggling to make monthly payments due to the rising cost of living. TD Bank's Canada personal banking head Michael Rhodes told analysts this week that "a meaningful number of customers" are making the changes.
Persons: Mark Blinch, Hratch Panossian, Dan Rees, Brian Madden, Michael Rhodes, Dave McKay, Nivedita Balu, Denny Thomas, Stephen Coates Organizations: REUTERS, Rights, Canada's, Reuters, CIBC, Bank of Nova, Investment, Thomson Locations: Toronto, Milton , Ontario, Canada, Bank of Nova Scotia
☆ Analysis: Canadian banks' see dip in 30 year-plus mortgages, but risks remain
  + stars: | 2023-09-01 | by ( Nivedita Balu | Thomson Reuters | Nivedita Balu Is A Correspondent For Reuters Based In Toronto | ) www.reuters.com   time to read: +4 min
That has led to a rare situation in Canada where banks are seeing mortgage amortizations getting extended beyond 30 years, sparking calls from regulators to take immediate action to mitigate risks. For the other four banks, mortgages amortizing under 25 years account for a half to nearly three quarters. Scotiabank's Canada head Dan Rees said the bank was now being more "disciplined with regards to customer selection" for new mortgages. Still, the risks remain elevated as consumers are struggling to make monthly payments due to the rising cost of living. TD Bank's Canada personal banking head Michael Rhodes told analysts this week that "a meaningful number of customers" are making the changes.
Persons: Mark Blinch, Hratch Panossian, Dan Rees, Brian Madden, Michael Rhodes, Dave McKay, Nivedita Balu, Denny Thomas, Stephen Coates Organizations: REUTERS, Rights, Canada's, Reuters, CIBC, Bank of Nova, Investment, Thomson Locations: Toronto, Milton , Ontario, Canada, Bank of Nova Scotia
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