Home Cap­i­tal says sit­u­a­tion more sta­ble

Cape Breton Post - - Business -

TORONTO — Home Cap­i­tal Group says the out­flow of cus­tomer de­posits has slowed in re­cent days and it con­tin­ues to have ac­cess to suf­fi­cient funds, in­clud­ing $600 mil­lion that’s un­drawn on a line of credit from the HOOPP re­tire­ment fund.

The Toronto-based mort­gage com­pany (TSX:HCG) says it had a to­tal of $1.51 bil­lion in avail­able liq­uid­ity and credit ca­pac­ity as of Fri­day, down $50 mil­lion from the pre­vi­ous day. The com­pany says de­posits at Home Trust’s high­in­ter­est sav­ings ac­counts were sta­ble at about $125.4 mil­lion.

There was another $150.6 mil­lion in sav­ings de­posited with its Oaken Fi­nan­cial sub­sidiary and $12.44 bil­lion de­posited with guar­an­teed in­vest­ment cer­tifi­cates, both down slightly from Thurs­day.

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