Page 13 - Sports Energy News, Cornwall, Issue No 129
P. 13
www.sportsenergynews.com Issue #129 October 2023 13
I was saddened to hear of the passing of Bill Murphy on
Whistle Stops
Presents Whistle Stops Oct 1st. I shared many laughs and good times with Bill over the
years. I worked with him with the Colts and the Nepean Raiders.
He was the most honest, trustworthy, and sincere person I knew. He
always looked out for our players and our team. My condolences
By Mike Piquette to Bill’s wife Sue.
NEED URGENT
CASH?
Buy/Sell/Pawn/Loans Speaking of the Colts, they are off to a great start, with a
The “Team” has just completed Issue #129, and as always,
• Gold I would like to thank Lynn (Graphic Design), Marion (Editor), young team. They are entertaining, hardworking and deserve your
• Musical Instruments
support. Kudo’s to new head coach Todd Walker
• Silver Bernadette (Website), our writers, Molly, Victoria, Thom, Casey,
• Firearms
• Jewelry Jim, Carrie, and Christine . Thanks to our editorial columnists, Jim, Curling fans were out in full force at the Shorty Jenkins
• Hunting Accessories
• Watches Jorge, Dave, Peter, Nikolai, Janeen, Alex, Roxee, Rosanne, Brad, last month.
• Fishing Accessories
• Coins Thorin, Marion, and Grant. Cheers to The Sports Panel: Peter, It’s early October and as usual Leafs fans have declared
• Scooters
• Hand Tools • ATV’s this as their year for the cup. Let’s check back with them in a
Jake, and Jim. Appreciation goes out to our neighbourly advice
• Power Tools • Snowmobiles
columnists Brian, Mike, and Max, our crossword puzzle writer
• Tool Accessories • Trailers month or so.
Doug, as well as our distribution manager, Rene, our ad salesmen,
Gord and Dave, our distribution locations, our advertisers, and of
Also -Skid Steers, Mini-Excavators Seadoo’s, Cornwall Girls Hockey are hosting their 39th annual
Boats, RV’s, Motorcycles, Cars & Trucks competitive and house league tournaments later this month.
course the people who are featured in our stories. I hope you enjoy
3045 Pitt Street, Cornwall, Ontario
# 129.
My thoughts and prayers go out to the people of Ukraine. Winners Never Quit, and Quitters Never Win!
Best of luck to all the players who are attending tryouts and ‘Signing out until next month,’
training camps. Mike Piquette, Publisher
Brian Johnston Continued from page 12 As a result of the Bank of Canada’s
the rate increases and reiterated that latest interest rate hikes in June and
delinquencies still remain low. July, CIBC said $50 billion worth of
variable-rate mortgages have reached
“We do feel comfortable…that those
payment shocks—even though they their trigger point, meaning the
are high, and they will certainly go borrowers’ payments are only covering
higher over time—are manageable for the interest portion. That’s up from $44
those clients,” he said. “Our overall billion worth in the second quarter. NEED URGENT
CASH?
late-stage delinquencies remain low, But Guse says the bank is continuing to
especially when compared with pre- Buy/Sell/Pawn/Loans
reach out to clients whose mortgages
pandemic levels.”
• Gold
are currently negative amortizing, • Musical Instruments
Closely monitoring variable-rate
• Silver
which is yielding “good responses.” • Firearms
clients.
• Jewelry
To date, he said about 8,000 clients
• Hunting Accessories
Guse added that the bank is “very, have increased their monthly payments
• Watches
very closely” monitoring its variable-
• Fishing Accessories
• Coins
and more than 1,000 made lump-sum • Scooters
rate clients, which currently comprise
about a third of the bank’s Canadian payments. • Hand Tools • ATV’s
• Snowmobiles
• Power Tools
residential mortgage portfolio, down “We will continue to work closely with
• Tool Accessories
from 37% in Q1. our clients through this high interest • Trailers
“We know their renewal schedules. We rate environment and other market
look very closely into what payment developments,” he said. Also -Skid Steers, Mini-Excavators Seadoo’s,
Boats, RV’s, Motorcycles, Cars & Trucks
shocks are, again, under assumptions of A quarter (25%) of CIBC’s residential
where interest rates are over time,” he mortgage portfolio now has an
3045 Pitt Street, Cornwall, Ontario
said, adding that, so far, this mortgage effective amortization of 35 years or
segment continues to display “strong longer, down slightly from a peak of
credit quality and performance.” 27% in Q1.
