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Hands Giving & Receiving Money

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

Business and financial district in a city with pillars

With this announcement, three of the Big Six now have specialized lending programs

CIBC building downtown Toronto

In its first two weeks the program has attracted more than 600 inquiries

Tired african american employee having headache after working on laptop in office, copy space

Business owners worry about paying off Covid debt

Banks

Announcements follow commitments made in 2020 to support the Black community

Business and financial district in a city with pillars

Untapped loan-loss provisions provide support alongside stable revenues

Strong northern lights (Aurora borealis) substorm on night sky over downtown Whitehorse, capital of the Yukon Territory, Canada, in winter.

Robert-Falcon Ouellette and Roland Bailey will lead the program

  • By: Staff
  • August 11, 2021 August 11, 2021
  • 12:07
contractor reviewing ideas in workshop

The launch comes months after the Liberals first laid out the plan last September

Toronto skyline in financial district

A lack of detail and standards makes assessing banks' exposure to commercial real estate difficult