European bond pricing plays a big role in the affordability of Canadian mortgage rates. As the ECB utilizes more QE measures, Canadian bonds, and rates, are pushed even lower. Read on to learn more.
More drama is unfolding in the Eurozone. Will Greece run out of cash as it nears the April debt deadline? What what will be the impact on global and domestic bond investors?
The Geneva Report, a leading authority on global economics, was released this week with a dire warning – the world must slow down on borrowing, or face a new financial crisis. Read on to see how Canadian consumers could be affected.
The European Central Bank recently cut interest rates to 0.5% in order to revive the struggling EU economy. How will this affect Canada, and our own stimulus efforts?
It’s been a morning of change for the EU as a surprising decision was made at the 20th economic summit of European leaders. In the most anti-austerity move to date, the ECB is now able to directly fund the banks of nations in economic need – without the restrictions of deficit increase or troika oversight. It’s a move with particular payoffs for Spain and Italy – and a big step back for pro-austerity Germany.
Let’s just imagine the world had let Greece default in May 2010, when the near bankrupt nation first needed money. Would the world economies have collapsed? …Probably not. Would we be in a deep global recession? …Well, we kind of are. By delaying its default the problem is getting worse. How is it that the E.U. can’t figure that out? I’ll give you three reasons.