Bank of Canada Governor Stephen Poloz has stated economic conditions in Canada will be “atrocious” in Q1. How should Canadian consumers react to this news?
With another rate announcement slated for March 4, borrowers and economists alike are waiting to see if the Bank of Canada will cut rates yet again. There are a number of economic factors that suggest the possibility. Read on for the full story.
2014’s record low mortgage rates have lasted into the new year with no change in sight, according to RateSupermarket.ca’s expert Mortgage Rate Outlook Panel.
Two December debt reports were released this week with some dire news for Canadian consumers. Here’s what you need to know, plus the week’s top finance 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.
October mortgage rates are to hold the status quo despite economic policy shakeups in the U.S. Read on for our forecast for fixed and variable mortgage rates.
QE, the economic support system put in place by the U.S. Fed post-recession, is on track to end in October. Will this result in a market shakeup? Will interest rates rise in the U.S. – and in Canada – as a result? Read on to find out.
The Bank of Canada has maintained the Overnight Lending Rate at 1 per cent, once again – and if you respond to that news with a “so what”, you’re certainly not alone.