May
07
After Beating Down Banks, Home Capital May Hurt Canada’s Economy
ByEveryone’s talking about this Canadian mortgage company.
The downward spiral of Home Capital Group Inc. is rippling across North America as investors and regulators try to piece together the impact it could have on the fastest growing economy in the developed world.
Some see Home Capital’s woes spilling into the broader financial and real estate sectors. Others point to Home Capital’s relatively small mortgage book and stronger-than-subprime clients to suggest that its demise would be sad but uneventful…
After Beating Down Banks, Home Capital May Hurt Canada’s Economy
