Bank of Canada Governor Stephen Poloz recently stated that negative interest rates could be a possibility in bad economic times. How does this monetary policy work? And how would consumers and borrowers be affected?
Canadian home buyers are doing a better job of paying off their mortgages, reports the CMHC’s Q3 update. The average credit score of borrowers is also improving – read on for the full story.
There’s no government surplus in sight, according to the newly elected Liberals. The party’s first fiscal update reveals the Conservatives left fewer funds than expected – and there will be longer deficits as a result. Here’s what taxpayers should know.
Is there change to come for Canada’s inflation target? As the economy faces a slow recovery, the Bank of Canada is considering tweaking pricing for consumer goods in order to meet its benchmark.
The Canadian dollar may be at an 11-year low, but that’s not stopping 2015 holiday shoppers – a recent report finds spending rose through the summer months, with no slowdown in sight.
Is this “technical” recession behind us? The latest data from Statistics Canada show the economy enjoyed some growth during the third quarter, reversing the doom and gloom trend reported previously this year. What does this mean for consumers, spending and interest rates? Read on to find out.
Like the Bank of Canada, the U.S. Federal Reserve controls American interest rates in order to stimulate the economy. They didn’t make a move to change rates in their latest announcement, but markets are still reacting. Here’s why – and how it could affect your Canadian cost of borrowing.
The Bank of Canada September Announcement brought no change to the cost of borrowing for Canadians, as interest rates remain at 0.5% What does this mean for Canada’s economic recovery? Read on to learn more.
The latest GDP numbers are in and they’ve confirmed there is officially a recession in Canada. What should consumers and taxpayers know? Read on to learn more.
How can you protect your purchasing power amid a Canadian dollar drop? Here’s what consumers should know, along with this week’s top headlines.