Finance headlines have been less than fabulous this week, as growing evidence of a Canadian recession throws the economy into flux. From local home buyers to global investors, all eyes are on the Bank of Canada’s next move. Will national interest rates be slashed for the second time this year? Could you cope if you had less purchasing and earning power?
Read on for the full story.
Will a Canadian Recession Lead to More Rate Cuts?
The Q2 numbers are in, and they’re not looking good. As oil’s drop takes its toll, all signs are pointing to a looming Canadian recession – meaning the Bank of Canada will have to take action soon to keep our economy afloat.
Read on to learn more about the factors behind a recession, and how it could affect your mortgage.
Read Penelope’s Blog | Will a Canadian Recession Lead to More Rate Cuts?
Should You Worry About the China Stock Selloff?
Greece may have hogged the finance media spotlight, but a bigger economic storm is brewing in China, as stock markets have recently dropped 25 per cent. What is causing this wide-spread Chinese stock selloff – and should Canadians be worried?
Read Rubina’s Blog | Should You Worry About the China Stock Selloff?
Should You Renew Your Mortgage Early?
Is your mortgage coming up for renewal? If so, you may have received a letter from your bank, offering the chance to lock in early at one of today’s ultra low rates. Doing so can mean saving a bundle on interest – but are you giving up the chance to score an even better rate?
Here’s what you should know about mortgage shopping, before you sign on the dotted renewal line.
Read Allan’s Blog | Should You Renew Your Mortgage Early?
Variable Mortgage Rates to Dip as Canadian Recession Looms
An impending Canadian recession will put downward pressure on variable mortgage rates, says RateSupermarket.ca’s Mortgage Rate Outlook Panel. Read on for their full take on fixed and variable mortgage rate pricing for the month of July.
Read Penelope’s Blog | Variable Mortgage Rates to Dip as Canadian Recession Looms
4 Tips: How to Pay Your Mortgage After a Job Loss
Could you pay your mortgage after a job loss? A recent survey found 4 in 10 Canadians won’t be able to. Here’s how to protect your ability to pay in a worst-case scenario.
Read Sean’s Blog | 4 Tips: How to Pay Your Mortgage After a Job Loss
This week, we asked our Twitter followers:
Do you think there will be a Canadian recession?