Canada’s most expensive housing market not headed for crash, says credit agency DBRS

A leading credit rating agency says Canada’s most expensive housing market may not be all that affordable for the average family, but despite that no major correction is coming Vancouver’s way. DBRS  looked at 39 markets in Canada, the United States and Australia, releasing its focus feature on Vancouver Wednesday. “Based on historical data, the […]

Canada’s most expensive housing market not headed for crash, says credit agency DBRS

A leading credit rating agency says Canada’s most expensive housing market may not be all that affordable for the average family, but despite that no major correction is coming Vancouver’s way. DBRS looked at 39 markets in Canada, the United States and Australia, releasing its focus feature on Vancouver Wednesday. “Based on historical data, the […]

OSC says Coventree withheld looming ABCP crash from investors

JACQUIE MCNISH AND JEFF GRAY After weeks of scrambling to resuscitate the ailing asset-backed commercial paper (ABCP) market in the summer of 2007, a senior executive with Coventree Inc. sent an ominous e-mail to company officers. Warning that the Caisse de dépôt et placement du Québec would likely stop supporting the troubled market, Coventree’s head of capital markets David […]