Canada Banks See Mortgage Slowdown as Nation Taps Brakes

With four of Canada’s biggest banks reporting second-quarter results, the trend shows decelerating growth in home loan portfolios and, in some cases, shrinkage. It’s a welcome sign for officials struggling to curb house prices in two of the nation’s largest cities. The easing follows federal government moves in October to tighten mortgage insurance rules and other measures while opening the door to shift risks of defaulting mortgages to banks. Bloomberg's Doug Alexander reports. (Source: Bloomberg)

Full Show: Surveillance (06/23)
33:33 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Ed Hyman, chairman at Evercore ISI, Rob Wainwright, Europol director, and Karan Faridoon Bilimoria, chancellor at the University of Birmingham. (Source: Bloomberg)
  • Full Show: Bloomberg Daybreak: Americas (06/12)
  • Home Credit Lines Fuel Record Canada Household Debt Binge
  • Full Show: Bloomberg Technology (06/01)