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Canada housing agency urges lenders to avoid risky borrowers

The head of Canada's mortgage agency urged lenders to avoid offering home loans to riskier borrowers insured by its private rivals warning that excessive household borrowing will make the "pain of the deferred COVID-19 economic adjustment worse."

Canada housing agency urges lenders to avoid risky borrowers

The head of Canada's mortgage agency urged lenders to avoid offering home loans to riskier borrowers insured by its private rivals warning that excessive household borrowing will make the "pain of the deferred COVID-19 economic adjustment worse."

Hong Kong stocks hit near 3-week high as financials rebound

Hong Kong shares touched a near three-week high on Wednesday, led by a rebound in heavyweight financial stocks, and as a regional sell-off in equities ran out of steam towards the end of the trading session. ** The Hang Seng index closed up 1.4% at 25,244.02, near its highest level since July 23 hit earlier in the session. The Hang Seng China Enterprises index rose 0.6%. ** Index-heavy financial sector added almost 2% and the property sector jumped 2.2%. Energy shar

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