At a time when headlines speak of Canada’s housing market on the verge of a crash, 3 top banking executives have announced they are leaving office, coincidence?
We are well aware of the Bank of Canada Governor Mark Carney‘s departure after his May 29 interest rate annoucement, but in recent weeks CMHC’s CEO Karen Kinsley and the head of OSFI (Office of the Superintendent of Financial Institutions), the bank regulator, Julie Dickson are leaving office as well. And today, May 29 CMHC has confirmed that their Vice President Marc McInnis has left his post with no reason given.
What some might concider interesing is the timing, if Canada’s housing market is indeed headed for a collapse.
Coincidence or do they know something we don’t? What are your thoughts?
