The Bank of Canada left the target overnight rate unchanged this morning at 1.75%, where it’s sat since October 2018.
After months of speculation and market fluctuations, the U.S. Federal Reserve announced this week plans to finally “taper” their bond buying program, which contributes $85 billion to the economy monthly. Here’s what that means for interest rates, and how the Canadian cost of borrowing will be affected.
Fears of a global housing market bubble are renewed, as interest rates remain low worldwide, and housing demand grows. Could this lead to a U.S.-style burst and meltdown? What are the consequences for Canadians and our own housing market?
A U.S. government shutdown could occur tomorrow as congress cannot find agreement on their spending bill. How will this affect Canada’s economy?
In his most significant speech since assuming the Bank of Canada governor position, Stephen Poloz announced his stance this week on Canada’s economic progress. According to him, our nation is on track for natural growth and expansion.
Mark Carney’s debt warnings have attempted to lower Canadian household debt – but with levels higher than ever, are Canadians listening?
It’s a new record for 5 year fixed mortgage rates at 2.74%! How much lower can we expect mortgage rates to go as we enter the typically hot spring mortgage season?
BMO’s ultra hot 2.99% 5 year fixed mortgage rate is back! Available for high ratio mortgages, and featuring full service payment options, it looks to be a great deal – but is it in your best interest to lock in low when interest rates may rise?
The predictions are in – Canadian economists have revealed their forecasts for Canada’s economic outlook for the coming year. What’s in store for the housing market, interest rates, employment and GDP growth? Read on to find out.
What is economic capacity, and what implications does it hold for Canada’s own economy, as well as on the global scale? Read on for a breakdown of how economic capacity works, and the ways it can change.