Home Capital Saga Continues, Spread Effect
The real estate market has been a central driver of Canada’s economic growth, post-oil sands boom. Canadian policymakers are concerned about a negative feedback loop. After a run on deposits, a unit of Home Capital Group Inc. got an expensive loan lifeline, an effective interest rate of 22.5% via its first credit line drawn so far from the Healthcare of Ontario Pension Plan (HOOPP). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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