With signs of Canada’s red-hot housing market slowing, further measures to tighten mortgage-lending standards aren’t necessary, the head of Canada’s second-largest bank said Thursday.
“At the moment, we see signs that the housing market is slowing, and the risk of a sharp correction is diminished,” said Toronto-Dominion Bank Chief Executive Edmund Clark. Clark was speaking on a second-quarter earnings conference call………………………………………..Full Article: Source