“The increase in exposure means that, in the event of broader contagion in the U.S., Canadian banks could face more pressure than in the past to rein in domestic lending,” he said.
“If a negative global shock forced lenders to change strategy, it would greatly increase the risk of forced home sales,” said Brown.Article content Capital Economics thinks two-thirds of the drag on economic activity from higher monetary policy is still to come in 2023.
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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
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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
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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 Pretty obvious since last year.
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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
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