No Change in Overnight Lending Rate: Bank of Canada Announcement
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No Change in Overnight Lending Rate: Bank of Canada Announcement

No surprise this time around: The Bank of Canada is leaving the overnight lending rate at 0.5 per cent – where it has been since July of 2015. Read on to find out how this will impact fixed and variable rate mortgages. Continue reading »

A Rate Reversal
Economic News / Mortgage News / Mortgages / Personal Finance / Personal Finance News

A Rate Reversal

If you’ve ever signed a contract – for a cell phone, cable package or a bank account – you’ve likely noticed the wording “terms may be subject to change”. They don’t just put that in there for the heck of it – it’s up to you as a consumer to ensure you’re still getting the best service for your buck. Continue reading »

Leave Rates Alone… For Now: C.D. Howe Institute
Economic News / Mortgage News / Mortgages

Leave Rates Alone… For Now: C.D. Howe Institute

Interest rates in Canada should stay put until at least next year, according to one of Canada’s most respected think tanks. A new report from the C.D. Howe Institute finds the Bank of Canada should leave rates untouched until 2015, followed by a 0.5 per cent increase next fall, in order to let the economy truly recover. What will this mean for your mortgage, savings and investments? Read on to find out. Continue reading »