Pursuits
Home Capital Is a Minor Meltdown That’s Left a Major Mark on Canada
- Moody’s sees growing risks as house prices, debt hit records
- Mortgage lender’s crisis may bring squeeze in credit market
After Home Capital, Canada's Economy Suddenly Looks Frail
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The story Canada has been telling itself about its economy is starting to sound like wishful thinking.
It’s too early for the meltdown at Home Capital Group Inc. to show up in the data -- and, with just 1 percent of the national market, the mortgage lender may be too small to do so anyway. But it’s already had a big impact on how investors and analysts are weighing the country’s weaknesses against its strengths.