Canada housing agency (CMHC) Q1 financial....>

CANADA: Canada housing agency (CMHC) Q1 financial report: "Given the measures

instituted by the Government of Canada and the deferral of mortgages for those

in need by financial institutions, the impacts on mortgage insurance claims will

not be known for a number of months and is likely to take longer to be fully

realized in our financial results."

-"Our capital position remained strong throughout the first quarter of 2020,

with an excess capital of $3 billion."

-CMHC reiterates earlier annual report statement: "In the event our capital

position is significantly impacted, under the Capital and Dividend Policy

Framework for Financial Crown Corporations, the Government is prepared to inject

capital into CMHC should additional capital be needed to deliver on our public

policy mandate. This was further reinforced on 24 March 2020, when the

Government approved a $10 billion recapitalization limit for CMHC."