OSC Killing Home Capital Group

Terence Corcoran: The Kool-Aid man out to kill Home Capital raises a glass to the OSC

An investment banker with one of Canada’s major banks, surveying the devastated state of Home Capital Group, has a question: “I want to know why the OSC (Ontario Securities Commission) perpetrated this thing.” Did Home Capital, whose shares have lost 70 per cent of their value since April 19, “perpetrate a fraud on the market?

OSC should be blamed for Home Capital destruction

Terence Corcoran: Home Capital Group didn’t just fall from the edge of a cliff – it was pushed

By now most Canadians have likely seen the Home Capital Group Inc. stock graph, a Rocky Mountain plunge that began April 19 at $22 before hitting bottom a few days later at $6, wiping more than $1 billion off the value of one of Canada’s most successful non-bank mortgage lending enterprises.