This paper aims to study the impact of US subprime mortgage on the housing market in Canada since there is a close relationship between the two countries from regional perspective as well as trading and cooperation. By reviewing the official statistics data in the US and Canada, this paper...

House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend...

We examine whether the Canadian banking sector was afflicted by financial contagion from the 2008 sub-prime crisis in the United States financial sector. We find that Canadian banks were affected by contagion, though those with higher liquidity withstood better its adverse effects. Our results...

This paper analyses the impact of the United States' (US) subprime crisis on Canadian banks' stock returns, using event study methodology. Our results suggest that despite their holdings of US toxic (subprime) mortgage-backed assets, Canadian banks have been solid in the face of the subprime...