Scotiabank’s Porter Calls Canada Bubble Fears Overblown – Ask a Vancouver Mortgage Broker

Canadian concerns about a housing bubble are overblown in a country where credit growth is modest and the job market is stable, says Bank of Nova Scotia Chief Executive Officer Brian Porter. “Bubble is perhaps the most overused word since the global financial crisis,” Porter said in an interview yesterday in Washington, referring to Canada’s […]

How you helped Canada’s big banks weather the financial crisis- Ask a Vancouver Mortgage Broker

ROB CARRICK– The Globe and Mail The little-discussed safety net that helped the big banks through the financial crisis was their complete, masters-of-the-world dominance over the day-to-day financial affairs of almost all Canadians. When the banks need revenue and profits, they simply have their clients supply it. And so they did in 2007, as the crisis […]