Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
South Korea’s top financial watchdog attempted to revive optimism over the nation’s corporate reform initiatives to investors in New York while soothing concerns over the short-selling ban.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Jan 31, 2022
The Canadian Press
Calgary's downtown office vacancy rate has declined for the first time since the start of the COVID-19 pandemic.
Commercial real estate firm Avison Young says the city's downtown office vacancy rate ticked down in the fourth quarter of 2021, to 29.7 per cent from 29.9 per cent.
Calgary's downtown real estate market has been at record high levels since the fourth quarter of 2019.
Nearly 1.3 million square metres of office space in the city's core sits empty.
But Avison Young says the tide is turning. It says leasing activity is picking up as public health restrictions ease and companies figure out their return to office strategies.
Avison Young says there is still a long road to recovery for Calgary's office market but it expects the overall trend in the next 12 to 24 months to be positive.