Upfront spending weighs on banks' bottom lines, despite revenue growth
Shelter costs skewing economic picture, impairing monetary policy
Robust consumer spending is fuelled by credit growth, report says
Relaxing mortgage rules could help borrowers but also boost credit risks
While pockets will suffer from rising rates, overall stress should be modest
Existing home sales rose 0.8% in November to seasonally adjusted annual rate of 3.82 million
OSFI says the stress test has produced a more resilient residential mortgage financing system
OSFI says that vulnerabilities are high, but haven't intensified in recent months
Mortgage resets next year expected to cut into spending
Recommendations echo affordability measures in government's fall economic statement
aHR0cHM6Ly93d3cuaW52ZXN0bWVudGV4ZWN1dGl2ZS5jb20vdGFnL21vcnRnYWdlcy9wYWdlLzcv(U2NyZWVuSGVpZ2h0)NzIw(U2NyZWVuV2lkdGg)MTI4MA(T0ZTWVNfUmVmZXJyZXI)(dmlzaXRvcktleQ)RFRkeGRjM3U(dmlzaXRLZXk)aTNka2lKeGw){kind=small}