The Daily Chase: A warning on ‘snowballing’ home-price correction; CIBC woos Costco members
BNN Bloomberg
What’s to be done about red-hot housing markets that are being inflated by investors at a time when average Canadians are heaping on debt to keep pace? That’s the question stemming from this week’s headline-fetching warnings from the Bank of Canada and the country’s top banking regulator.
What’s to be done about red-hot housing markets that are being inflated by investors at a time when average Canadians are heaping on debt to keep pace? That’s the question stemming from this week’s headline-fetching warnings from the Bank of Canada and the country’s top banking regulator. We’ll keep chasing informed perspective; and, if you missed it, check out Greg’s conversation with mortgage expert Rob McLister, who warned about the potential for a “snowballing” effect if the hot money pulls out amid extreme valuations.
CIBC UNVEILS COSTCO CARD STRATEGY
When Canadian Imperial Bank of Commerce announced in September is was going to replace Capital One as Costco’s exclusive credit card partner in this country, there were all sorts of questions about how it would keep members happy and bring them deeper into the bank’s tent of offerings. Today, we found out, and it looks like cash back is the key. Jameson has details at BNNBloomberg.ca
ROGERS-SHAW HEARING NEARS FINISH LINE
Competition and job security are bound to be hot topics in this penultimate day for the Canadian Radio-television and Telecommunications’ hearing into Rogers’ planned $20-billion takeover of Shaw. BCE (which owns BNN Bloomberg via Bell Media) is among the parties scheduled to address the regulator, as is Unifor. We’ll monitor developments as we await Shaw and Rogers’ opportunity tomorrow to respond to what other stakeholders have said about the deal this week.
B.C. SUPPLY CHAIN RECOVERY
