Ottawa to reap billions from emergency mortgage 'help' to banks

OTTAWA — It was advertised as a lifeline to drowning banks during last year's financial storm, but Ottawa's emergency mortgage purchase program is turning out to be a big cash cow - for the government.
09-25-2009 12:14 More...

Xceed Mortgage posts Q3 loss of $7.5M, reverses year-ago profit of $1.5M

TORONTO — Xceed Mortgage Corp. (TSX:XMC) had a $7.5 million loss in its third quarter, offsetting gains in the first half of the year and reversing year-ago profits.

The loss for the period ended July 31 amounted to 27 cents a share, reversing year-earlier net income of $1.6 million or six cents a share.
09-15-2009 15:18 More...