Canadian households $1.3 trillion in debt and still digging deeper hole…

 The Canadian Press – VANCOUVER, B.C. – The Certified General Accountants Association of Canada (CGA) said debt levels – mainly mortgage and consumer borrowing in a period of low interest rates …

The Canadian Press: Canadian households $1.3 trillion in debt and still digging deeper hole: CGAs

Drop in Victoria house prices skids to a stop

 Times Colonist, Victoria, BC – The BCREA says in its Spring 2009 Housing Forecast that housing market conditions have improved more rapidly than expected, and as a result the average Multiple Listing Service residential price in B.C. is forecast to decline to just $420,600, in 2009…

Drop in Victoria house prices skids to a stop

U.S. money manager takes aim at subprime servicer

 Washington Post – United States – By Al Yoon NEW YORK (Reuters) – A money manager owned by Canada’s Manulife Financial Corp is seeking to fire one of the largest subprime mortgage companies …

U.S. money manager takes aim at subprime servicer – washingtonpost.com

Business | Banks walk tightrope while hoping to cushion profit fall

 Toronto Star – Ontario – Royal Bank of Canada, meanwhile, is facing its own challenges south of the border. Last month, RBC pre-announced an $850 million (US) goodwill impairment …

TheStar.com | Business | Banks walk tightrope while hoping to cushion profit fall

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