Brief: Mcan Mortgage Corporation Announces Fourth Quarter And Fiscal 2018 Results

MCAN Mortgage

23/02/2019 01:29

Feb 22 (Reuters) - MCAN Mortgage Corp  MKP.TO :
    * MCAN MORTGAGE CORPORATION ANNOUNCES FOURTH QUARTER AND
FISCAL
2018 RESULTS
    * Q4 EARNINGS PER SHARE C$0.15
    * CORPORATE ASSETS OF $1.22 BILLION AT DECEMBER 31, 2018
DECREASED
BY $15 MILLION (1%) FROM SEPTEMBER 30, 2018
    * MCAN MORTGAGE SAYS EXPECT INTEREST RATES TO CONTINUE TO
INCREASE
THROUGHOUT 2019
    * EXPECT CONTINUED WEAKNESS IN RESALE MARKETS THROUGH 2019
GIVEN
RECENT INCREASES IN UNSOLD HOMES IN CERTAIN MARKETS

Source text for Eikon:  ID:nCNW7W9cta 
Further company coverage:  MKP.TO 

 ((Reuters.Briefs@thomsonreuters.com;))