Coast Capital credit union considers takeover plans
Filed Under Main Content · Tagged: British Columbia, Business Capital, Business Credit, Canada Credit, Capital Canada, Capital Credit Union, Ceo, Coast Capital Credit Union, Coast Capital Savings, Government Restrictions, Takeover, Takeovers
Coast Capital Savings, Canada’s thirdbiggest credit union, will consider takeovers to expand beyond its British Columbia base once government restrictions are removed, said CEO Tracy Redies.
Coast Capital credit union considers takeover plans
Five-Year Yields Hit Highest Since October 2008: Canada Credit – BusinessWeek
Filed Under Main Content · Tagged: Balance Sheet, Bank Of Commerce, Bloomberg Canada, Bond Market, Bond Yields, Businessweek, Canada Credit, Canadian Imperial Bank, Canadian Imperial Bank Of Commerce, Cash Bonds, Declines, Fixed Income Market, Fixed Rate, Imperial Bank Of Commerce, Mortgage Regulations, Strategist, Swap Transactions, Swaps, Toronto Banks, Treasuries
Bloomberg- Canada’s five-year bond yields rose to the highest level since October 2008 as banks hedged mortgages and the nation’s fixed-income market caught up to declines in U.S. Treasuries.
Canada’s home buyers are stepping up borrowing as they seek to beat pending changes to mortgage regulations and increases in interest rates. Banks that issue mortgages protect their balance sheet by selling similar-maturity securities in the secondary bond market or by making swap transactions.
“Banks are hedging seasonal mortgage flows, which is weighing on the five-year sector,” said Mohammed Ahmed, a rates strategist at Canadian Imperial Bank of Commerce in Toronto. “Banks are receiving a fixed-rate asset and to hedge that, they typically pay the fixed-rate in swaps, or sell cash bonds…”
Five-Year Yields Hit Highest Since October 2008: Canada Credit – BusinessWeek
Canada finds itself in a ‘credit deadlock
Filed Under Main Content · Tagged: Basis Points, Calgary Ab, Calgary Canada, Calgary Herald, Canada Credit, Colleague, Deadlock, Mortgage Rate
Calgary Herald – AB, Canada An FP colleague who renegotiated her mortgage in September says her mortgage rate — prime, minus 75 basis points — will fall to an astonishingly low 2.25% …
