This Week’s Top Stories: Canada Is Attracting Less Elite Talent, Banks See Mortgage Arrears Soar
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Hit 12-Year High, Banks See 2020 Boom Wiped Out The country’s largest banks are seeing more overleveraged borrowers fall behind. The arrears rate rose to 0.28% in April, doubling since September 2022 to a 9-year high for the rate. […]
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