CMHC stress test shows it would fare well against cyber attack, earthquake + major volcanic eruption
Canada Mortgage and Housing Corp. says its annual stress test has shown its mortgage loan insurance and securitization businesses could withstand severe financial stress, a sustained low oil price and a global trade war.
The housing agency says its capital holdings would also fare well against a cyber attack on a Canadian financial institution, an earthquake and a major volcanic eruption.
C-M-H-C provides mortgage loan insurance for home buyers as well as securitization guarantee programs to help financial institutions.
Larry and the panel discuss some of the day's top news stories.