Thanks to pricing itself out of the market and tightening borrower criteria, Scotiabank's Canadian mortgage balances fell a couple of billion dollars in Q2 versus Q1. Negative growth, even if just one quarter, is a big deal for a Big 6 bank. In its conference call, Scotiabank noted

Last spring, MLN broke the news that Tangerine had entered the broker market. Since then, things haven't evolved quite as planned.

Mortgage consumers may enjoy an additional quarter of rock-bottom uninsured mortgage rates. That's thanks to delays in RBC's takeover of HSBC Canada. U.K.-based HSBC now expects RBC's $13.5-billion purchase of its Canadian unit to close in Q1 2024. Initially, it projected

Hana Bank isn't exactly a household name, despite its 42-year history in Canada. But it's a name worth knowing—assuming you're a broker who likes competitive uninsured pricing and flexible underwriting. Hana is a profitable mid-size Korean bank with $452 billion in global assets.