A recent report from the C.D. Howe Institute finds Canada needs a $9-billion emergency fund to cover a potential housing crash. Here’s what you need to know about the think tank’s findings, and whether homeowners and borrowers should be concerned.
Are you making the right money moves in regards to your credit cards and mortgage? Read on for this week’s top tips and headlines.
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.