Banking watchdog says no plans to bring back special treatment for deferred loans despite second wav

Canada might be in the middle of a second wave of COVID-19, but that doesn’t mean a federal banking regulator is about to enable a second wave of deferred mortgage payments. Superintendent of Financial Institutions Jeremy Rudin said Friday that, in the early days of the pandemic, banks and insurers had to be in a position where they could make “almost blanket judgments” on granting loan and premium payment deferrals. ...