Home Capital Group Inc.'s shares plunged nearly 65 per cent on Wednesday, pulling down the stocks of other alternative mortgage lenders along with it.
Canada's main stock index fell sharply on Thursday as its heavyweight banking and energy sectors took heavy losses, with oil prices weighing and an alternative lender's troubles putting the domestic housing market in focus.
Donald Trump's aggressive tax-cut proposal is seen as a hard sell to Congress. What's surprising is that investors don't seem to be buying the value, or possibility, of a large rate cut, either.
The Nova Scotia government introduced a balanced budget on Thursday with all the makings of an election document, including tax cuts, increased spending and a host of new programs aimed at every key voting demographic.
If the United States refuses to come to the negotiating table, and the legal wrangling over the softwood lumber dispute drags on, Canada may want to consider retaliatory action, according to the man tasked with representing British Columbia in the matter.