Are you a bond investor planning for your retirement? Changing interest rates could be devaluing your investments. Here’s what you need to know about the relationship between bond yields, interest rates, and your savings.
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?
There’s no cooldown expected for September fixed mortgage rates as government bond yields are pushed higher by worried global investors. Variable rates, however, will remain on course for moderate change in 2014.
With no change made to the Bank of Canada’s Overnight Lending Rate since September 2010, economists look the the perceived “rate bias” indicated in the wording of rate announcements. This bias is seen as a hint of where rates may go next, and are powerful enough to influence global markets.
They’re saying Mark Carney’s new appointment as Bank of England Governor will be a great boon for the UK – but what does his new role mean for Canada’s economy? Will his departure have an adverse affect on the markets, interest rates and Canada’s economic growth?
In a surprise announcement Monday, Bank of Canada governor Mark Carney will be leaving his post to take top spot at the Bank of England. The move comes as the UK finds itself taking on more responsibility and a regulatory role for the European recession.
Looks like the Bank of Canada has been a tad too optimistic about the government’s willingness to spend – and that recent belt-tightening measures will amount to a 0.2 per cent drag on our country’s GDP growth.