Money

Paul Godfrey, president and chief executive officer of Postmedia Network Inc. (Tyler Anderson/Postmedia)

Postmedia extends Godfrey’s contract

Veteran Canadian businessman Paul Godfrey will remain at the helm of Canada’s largest newspaper company until the end of 2020, after the board of Postmedia Network Inc. extended his contract by two years on Tuesday.

(File photo)

New mortgage rules in Canada

The federal government recently implemented major changes to the mortgage lending process in Canada. A new “stress test” requires applicants to qualify using the Bank of Canada’s posted interest rate, rather than the rate offered by their lender.

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