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BlackRock warns against ignoring Home Capital's woes

Its protracted troubles increase risk of a fallout that may hurt credit markets and the Canadian economy

Published Thu, May 4, 2017 · 09:50 PM
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Toronto

THE longer Home Capital Group Inc's woes continue, the bigger the risk of a disorderly fallout that could hurt credit markets and Canada's economy, said Aubrey Basdeo, head of local fixed income at BlackRock Inc.

Home Capital has disclosed a run on deposits since April 19, when the securities regulator accused it of misleading investors.

While the alternative mortgage lender has rebutted the allegations and is broadly viewed as small and unrepresentative of the property or financial sectors, its …

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