Plenty More Subprime Fallout to Come, Says CIBC’s Rubin

Losses from the U.S. subprime mortgage meltdown could top $300 billion, an economist from one of Canada's major banks told a Toronto real estate conference on Wednesday. The bleeding isn't over yet, warned Jeff Rubin, chief economist at CIBC World Markets. There will "continue to be downward pressure on U.S. housing prices ...