The Canadian debt to income ratio now sits at 163.3% – a new high. What is driving such record borrowing levels? Barry Choi breaks down the economic factors.
The Bank of Canada’s December interest rate announcement was released this week – and while there were no surprises around unchanged central bank rates, new language hints at growing concern due to rising debt levels. Here’s what you need to know.
This week, the Bank of Canada announced no change for its Overnight Lending Rate, the central interest rates that set the benchmark for the cost of borrowing in Canada. Governor Stephen Poloz followed the announcement with a few statements on our economy’s biggest risk factors. Read on for his main takeaways.
Mortgages Spotlight: New year economic reports show economic conditions will improve in 2014 around the world. Will rates rise as a result, internationally and in Canada?
The Bank of Canada released the latest rate announcement Wednesday, but did not include a future rate movement forecast for the first time since April 2012.
Recent mortgage market changes could lead to higher mortgage rates, according to RateSupermarket.ca’s expert panel.
The Bank of Canada announced today that the Overnight Lending Rate would remain at 1%, once again – and that an increase isn’t expected any time soon.
The Bank of Canada announcement stated no change to the Overnight Interest Rate, meaning the cost of borrowing will stay at record lows for now. However, their quarterly report shows the Canadian economy is growing at a slower pace than projected last fall.
It’s a new year – but mortgage rates are stuck at the same levels. With the global economy remaining on shaky ground, and government of Canada bonds remaining an attractive option for investors, it’s not expected that fixed or variable mortgage rates will change in January.
2012 was full of economic surprises, upheaval and change. What can we learn from the financial lessons imparted by this year’s events – and what resolutions can we put in place to make 2013 our most financially successful year yet?