Warren Buffett provides lifeline to Canada's Home Capital
Updated
Canadian lender Home Capital Group's shares soared as much as 18 per cent to its highest since April on Thursday after billionaire Warren Buffett's Berkshire Hathaway agreed to provide a new $C2 billion ($2 billion) loan facility.
Berkshire Hathaway will also take a 38.4 per cent stake in the company after buying $C400 million worth of Home Capital stock.
Reuters
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