CMHC’s first-quarter earnings increase to $394 million despite dip in revenues

📆 30.05.2019 0:06:00
📰 nationalpost

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 80%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Revenue totalled $1.48 billion, down six per cent from $1.58 billion last year

OTTAWA — Canada Mortgage and Housing Corp. says its net income increased to a more normalized rate in the first quarter as the country’s economy continued to modestly improve.

. The decrease is largely attributable to lower government funding and a net gain from a significant rebound in equity markets. CMHC says it invested $777 million on behalf of the government to create and support housing for low- and middle-income Canadians, down from $1.02 billion a year ago, provided mortgage insurance for more than 39,000 homes and provided $39 billion in guarantees through mortgage funding activities.

Написать комментарий

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

RBC and TD see investment-banking rebound as earnings top expectationsGrowth from domestic retail operations relatively tame with higher loan loss provisions They do business with Trump so they don't get my business
Источник: nationalpost - 🏆 10. / 80 Прочитайте больше »