If you blinked you might have missed it. But gold has fallen more than 13 per cent in only 3 weeks. In fact, during the week that ended September 23rd, gold saw its biggest decline in decades. Despite this jewellery buyers are still willing to pay top dollar for your broken gold trinkets. Do they know something we don’t?
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Less Canadians are treating their homes like an ATM. The report by the Canadian Housing and Mortgage Corporation (CMHC) says, since new stricter rules were brought in last year by Finance Minister Jim Flaherty, refinancing activity of insured mortgages has dropped by 40%.
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In January of this year, Jim Flaherty, Canada’s minister of finance, announced that new mortgage and HELOC restrictions were to come into effect in March, 2011. The purpose of the new restrictions was to help curb consumer debt, which was said to be rising at an alarming rate. So have Flaherty’s restrictions brought the stability he sought, or are consumers only sinking deeper into debt?
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If you’ve just returned from holiday in the Caymans, and didn’t have your BlackBerry with you on the beach, you may not have yet heard that Finance Minister Jim Flaherty announced 3 main mortgage rule changes that will go into …
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