Breakthrough EU Summit Decision Looks to Ease Debt Crisis
Economic News

Breakthrough EU Summit Decision Looks to Ease Debt Crisis

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. Continue reading »

5 Year Fixed Mortgage Rate Drops Below 3 Per Cent
Mortgage News / Mortgages

5 Year Fixed Mortgage Rate Drops Below 3 Per Cent

Canadian bond yields are pointing south once again, and 5 year fixed mortgage rates have dropped to the 2.99 per cent as a result – the lowest since March of this year. What could the slide be attributed to? Well, the answer lies overseas – more specifically, Spain. As investors continue to turn away from euro zone markets, what do the implications hold for Canada? Continue reading »