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Home Capital has cut ties with 45 mortgage brokers as an investigation has revealed false income information on mortgage applications. Questions remain though surrounding who knew what and when within the company. Shares in Home Capital fell sharply on July 10 after a warning about plunging mortgage originations, but the details of the OFSI investigation were just made public last night. BNN takes a look at the rules of disclosure in Friday's edition of The Business of Law with Tim Murphy, senior partner, McMillan.
The cuts keep coming in the oil patch with Suncor cutting capital spending plans again, Cenovus scaling back its dividend and Royal Dutch Shell cutting 6,500 jobs. BNN takes a look at what a prolonged downturn may mean for investors and how to prepare your portfolio with, Tim Gramatovich, CIO, Peritus Asset Management.
Business Day puts a spotlight on the stocks and stories expected to move the markets, then switches to minute-by-minute coverage throughout the trading day in Canada and the U.S. Catherine Murray along with BNN's team of reporters and expert guests provide comprehensive reporting along with the best background and analysis in the business.