Canada pulls back from debt deferral cliff
While the rate of mortgage deferrals in Canada remains in the double-digits, it has been on the decline in recent months, blunting concern of a looming ‘debt deferral cliff’. Data collected by the Canada Mortgage and Housing Corporation (CMHC) and made available to Yahoo Finance Canada show that deferrals fell to 10.89 per cent in August from 12.28 per cent in July.
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By: Stephanie Hughes
Original Article Posted on: October 14, 2020
Link to Original Article: https://ca.finance.yahoo.com/news/canada-pulls-back-from-debt-deferral-cliff-173600820.html