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Home Capital Drop Has Former Investor Mulling Contagion Odds

By Tony Seruga

Chances of spreading through Canada small, Mawer’s Hall says
Banking system well capitalized with lots of ‘firefighters’

The escalation of Home Capital Group Inc.’s distress last week has led one of its largest former investors to rethink — if only slightly — the prospects of troubles spreading through the rest of Canada.

After the alternative-mortgage lender set up a C$2 billion ($1.5 billion) credit line to offset a run on deposits, Mawer Investment Management Ltd.’s Jim Hall is recalculating the odds of a contagion widening across one of the world’s strongest financial systems…

Home Capital Drop Has Former Investor Mulling Contagion Odds

Categories : Finance, Real Estate

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