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"But it will still remain a fairly robust mortgage market in Canada, for sure, over the next little while." Johannson made the comments as BMO beat expectations, reporting its second-quarter profit nearly doubled compared with a year ago when the amount it set aside for bad loans soared at the start of the pandemic. The new mortgage stress rules come into effect on June 1. They will set the qualifying rate on uninsured mortgages at either two percentage points above the contract rate, or 5.25 per cent, whichever is greater. The change is aimed at taking the heat off real estate markets like T...

Pandemic stress may be driving more women to drink Health experts concerned women are drinking more during pandemic Adults are drinking more during the pandemic, but isolation and stress felt by women during the pandemic could lead to alcohol abuse. ATLANTA - Sarah O'Brien says getting sober four years ago, after a decade and a half of alcohol and substance abuse, allowed her to regain custody of her two girls, buy a home, and find a job she loves. "It's a feeling inside, like I finally have peace," the 35-year-old from Hanover, Massachusetts, says.  But, the isolation and stress of the pan...

The two sides also agreed on a comprehensive partnership on Covid-19 vaccines.. Read more at straitstimes.com.

The rule changes, effective June 1, could push buyers to seek more affordable homes

BMO Financial Group says recent changes to mortgage stress test rules and the cooling of prices and sales in some regions may moderate the country's housing market.