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.
Nov 13, 2018
Bloomberg News
,Fleeing Toronto for a cheaper house in the suburbs isn’t worth it for many people who have to commute to jobs back downtown.
The high costs of driving or taking public transit along with the extra travel time often offset any benefits from buying a home outside the country’s biggest city, Canada Mortgage and Housing Corp. said Tuesday. The burden is becoming heavier, the agency reported, with the number of commuters needing an hour each way rising 16 per cent in the five years through 2016, the equivalent of putting in an extra day at the office every week.
The report highlights one of the challenges of Toronto’s recent home price surge, which has led many families to relocate to distant suburbs in the search for an affordable home. While realtors estimate the average Toronto detached home now costs over $1 million CMHC said those larger properties remain the most popular even with long travel times.
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