OSFI: Rising interest rates, weakening commercial real estate markets increasing risk for lenders

By Karunjit Singh (October 13, 2023, 1:13 PM EDT) -- Canada’s banking regulator has warned that higher interest rates and a weakening commercial real estate (CRE) market may lead to financial institutions facing increased borrower defaults and credit losses, in a semi-annual update to the sector’s risk outlook released Oct. 12....