Finally, some less-than-dire news for the Canadian economy. The Bank of Canada released its latest interest rate announcement this week, and took a neutral – if not slightly optimistic – stance on our nation’s rebound for oil. Borrowers also still have reason to smile, as it’s expected low rates will remain for several years to come.
Read on for the full story.
Bank of Canada Holds Rate In September Announcement
Canada may have officially entered a recession, but the central bank isn’t making any rash moves on rates, opting to leave the national cost of borrowing at 0.5% in Wednesday’s announcement. It’s a sign the Bank is confident Canada may be on track for recovery – but more data is needed.
Read Penelope’s Blog | Bank of Canada Holds Rate
Is 0% Financing a Good Deal?
We’ve all seen the Wacky Waving Inflatable Arm Flailing Tube Man, touting hot deals at the car dealership – but could they be too good to be true? 0% financing is a common tactic to lure consumers onto the lot – but it could cost you more in the long run on your car purchase. Here’s what consumers should know.
Read Amanda’s Blog | Is 0% Financing a Good Deal?
Foreign Real Estate Investment – Will the Government Take Action?
In Vancouver, Canada’s most expensive housing market, would-be buyers are expressing outrage at being priced out of their local neighbourhoods. The issue of foreign investment is a hot-button topic in the market, as it’s suspected prices are driven higher by non-residents, who either rent units out or leave them empty. It’s a movement that sparked the #Donthaveamillion hashtag – and now, the Conservative government has promised action if re-elected.
Read Rubina’s Blog | Foreign Real Estate Investment
MasterCard Selfies To Replace Passwords
Are passwords becoming a thing of the, well, past? MasterCard has introduced new smartphone “selfie”-recognizing technology to bypass old pin and password methods. Would you use it? Read on to learn more.
Read Jaclyn’s Blog | MasterCard Selfies to Replace Passwords
No Early Autumn Change for Canadian Mortgage Rates
Will the Bank of Canada cut interest rates for a third time this year? The September forecast is out from RateSupermarket.ca’s expert mortgage panel. Read on for their take on this month’s fixed and variable mortgage rates.
Read Penelope’s Blog | No Early Autumn Change for Canadian Mortgage Rates
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