The Globe and Mail
Adrian Wyld/The Canadian Press Published December 11, 2015
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The Liberal government is overhauling the rules governing the mortgage industry in a bid to target what it said were pockets of risk in the housing market.
The three-pronged approach includes doubling the minimum down payment for some home buyers, increasing the fees charged to lenders that securitize government-backed mortgages, and proposed changes that could require lenders to hold more capital against some insured loans in order to curb mortgage fraud and to slow rising levels of household debt.
Two additional regulations made under the
United Nations Act implement the UN suppression of terrorism sanctions and sanctions against Taliban, ISIL (Da esh) and Al-Qaida. The Canadian authorities do not maintain a consolidated list of all designations under the
United Nations Act regulations. However, the UN publishes a consolidated list of all designations under the UN Security Council resolutions on its website.
The sanctions imposed under the
United Nations Act regulations vary depending on the target jurisdiction or group and generally include arms embargoes, trade restrictions, and prohibitions against providing financial services or technical assistance in respect of such covered activities. In addition, the
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TORONTO, Jan. 21, 2021 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced an offering of $1 billion of non-viability contingent capital (NVCC) subordinated debentures ( the Notes ) through its Canadian Medium Term Note Program.
The Notes bear interest at a fixed rate of 1.67 per cent per annum (paid semi-annually) until January 28, 2028 and at the three-month Canadian Dollar Offered Rate plus 0.55 per cent thereafter until their maturity on January 28, 2033 (paid quarterly). The expected closing date is January 28, 2021. RBC Capital Markets is acting as lead agent on the issue.