The US senate agrees to end the government shutdown and raise the debt ceiling, in a last minute resolution avoiding a global financial crisis. But has the damage already been done?
Low interest rates may be a good thing for mortgage shoppers and credit borrowers, but they post a challenge to the long term savings plans of retirees.
The Bank of Canada announcement stated no change to the Overnight Interest Rate, meaning the cost of borrowing will stay at record lows for now. However, their quarterly report shows the Canadian economy is growing at a slower pace than projected last fall.
IIROC’s recent investigation into the CDOR rates (the Canadian equivalent to LIBOR) finds a need for more transparent regulations. What does this mean for Canadian borrowers?
The predictions are in – Canadian economists have revealed their forecasts for Canada’s economic outlook for the coming year. What’s in store for the housing market, interest rates, employment and GDP growth? Read on to find out.
2012 was full of economic surprises, upheaval and change. What can we learn from the financial lessons imparted by this year’s events – and what resolutions can we put in place to make 2013 our most financially successful year yet?
The latest Bank of Canada rate announcement has been released, and while interest rates and stimulus measures remain consistent, future economic expectations are cautiously optimistic.
The Canadian economy could be in for a second recession, according to a Moody’s Analytics report. The culprits: record high levels of Canadian household debt, and little room for stimulus should the cost of borrowing go up.