The program provides liquidity to banks
Banks will allow customers to defer mortgage payments for up to six months
The move is designed to provide stable funding to banks and mortgage lenders
The rate cut will make borrowing cheaper, raising concerns about overheated housing markets
Fitch says changes to the stress test could raise credit risks for banks
The change isn't a game-changer, says economist Benjamin Tal
Economist Benjamin Tal says the test is “suboptimal”
The federal mortgage stress test is based on the posted rates at the big Canadian banks
Mortgage growth was down but remained above average
The current legislation supports a five-year term