Now is the time to lock in 1% prescribed rate on family loans, achieve income splitting opportunity
Laurentian Bank of Canada reported first-quarter revenue of $257.5 million
With this announcement, three of the Big Six now have specialized lending programs
In its first two weeks the program has attracted more than 600 inquiries
Business owners worry about paying off Covid debt
Announcements follow commitments made in 2020 to support the Black community
Untapped loan-loss provisions provide support alongside stable revenues
Robert-Falcon Ouellette and Roland Bailey will lead the program
The launch comes months after the Liberals first laid out the plan last September
A lack of detail and standards makes assessing banks' exposure to commercial real estate difficult