Monday , March 27 2017

Banking

Canadian Banks off to record start on covered bond sales

BMO logo on their headquarters in Toronto's downtown financial district.The Canadian Press Images-Mario Beauregard

  Bloomberg Canadian banks started their 2017 funding programs by selling a record amount of bonds backed by residential mortgages abroad, taking advantage of lower borrowing costs amid demand for their top-rated debt. The country’s biggest financial institutions have sold about $6 billion in covered bonds denominated in euros, US ...

Read More »