CMHC to release 2020 stress testing results

·1 min read

CMHC to release 2020 stress testing results

CMHC to release 2020 stress testing results

Canada NewsWire

OTTAWA, ON, Jan. 20, 2021

OTTAWA, ON, Jan. 20, 2021 /CNW/ - Canada Mortgage and Housing Corporation (CMHC) will release its 2020 stress testing results on Thursday, January 21st at 11:00 am Eastern.

Stress testing is an internal exercise which involves seeking out extreme situations and measuring how well CMHC's business is able to withstand these shocks. The 2020 stress testing exercise focussed on scenarios directly related to the Covid-19 pandemic.

It is important to note that the stress testing scenarios are not predictions or forecasts.

Media call:

Detailed information on CMHC's annual stress testing exercise and 2020 results will be available through an embargoed media availability and conference call with CMHC's Chief Risk Officer, Nadine LeBlanc, on Thursday, January 21st at 10:00 am Eastern.

Call number: 1-800-496-3165
Confirmation code:
5701649

Interested reporters are asked to register for the embargoed media availability by contacting media@cmhc-schl.gc.ca.

SOURCE Canada Mortgage and Housing Corporation