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

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.

Revenue totalled $1.48-billion, down six per cent from $1.58-billion last year. The decrease is largely attributable to lower government funding and a net gain from a significant rebound in equity markets.The agency says economic growth is still expected to pick up but with “less momentum than previously projected” as gross domestic product is expected to increase 1.5 per cent this year and by 1.7 per cent in 2020.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CMHC’s first-quarter earnings increase to $394 million despite dip in revenuesCMHC's first-quarter earnings increase to $394 million despite dip in revenues
Source: nationalpost - 🏆 10. / 80 Read more »

CMHC’s first-quarter earnings increase to $394 million despite dip in revenuesCMHC's first-quarter earnings increase to $394 million despite dip in revenues
Source: nationalpost - 🏆 10. / 80 Read more »

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
Source: nationalpost - 🏆 10. / 80 Read more »

Is home bias in Canadian portfolios really mitigated by stocks with U.S. revenues?Is home bias in Canadian portfolios really mitigated by stocks with U.S. revenues? GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »