Research finds financial fallout of Fort McMurray wildfire comparable to global financial crisis
Revenue growth across major business segments was outpaced by rising costs
Less diversified, riskier loan portfolios leave banks more vulnerable to downturn
Mortgage debt growth slowed in 2022, credit card debt accelerated
Mortgage debt growth remains sluggish alongside weaker housing markets, finds StatsCan
Mortgage growth slowed but household credit card use is surging
TD expects the debt service ratio to hit a record high of 16.1% by the first quarter of 2024
Keeping buffers amid rising risks reflects prudence
Minimum qualifying rate for uninsured mortgages remains steady
The investment will allow IG advisors to integrate mortgages with financial plans