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A spike in delinquencies for loans backing commercial mortgage bonds is more alarming than banks' exposure to real estate, David Rosenberg said.

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The benchmark CSI 300 Index has gained 5.2% so far this week.

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(Bloomberg) -- Commercial real estate loan losses remain a manageable risk for Canada’s biggest banks even in the wake of last week’s turmoil at New York Community Bancorp, according to the head of the country’s bank regulator.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets ShiftKing Charles Treated for Cancer in New Royal Health ScareTreasuries