Posthaste: Canada's housing market seen as 'main casualty' of looming credit squeeze

  • 📰 fpinvesting
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Canada\u0027s housing market could turn even further south if banks are forced to tighten lending. Find out more

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.

“It stands to reason that the recent banking sector jitters will prompt a more aggressive tightening of credit conditions ahead.”a record US$152.85 billion from the Federal Reserve’s discount window, a traditional liquidity backstop, in the week after SVB’s collapse, topping the high reached during the 2008 financial crisis. BofA’s chart below shows how peaks in usage of this discount window relate to peaks in the percentage of banks tightening lending standards for small business.

While Canadian banks are at far less risk, they could be forced to tighten credit conditions as well if recent events lead to a U.S. credit crunch, said Capital. One concern is that Canadian banks have increased their exposure to the U.S. since the Great Financial Crisis, said Capital economist Stephen Brown.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 43. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Posthaste: Canada's housing market seen as 'main casualty' of looming credit squeezeCanada\u0027s housing market could turn even further south if banks are forced to tighten lending. Find out more
La source: nationalpost - 🏆 10. / 80 Lire la suite »