Home buyers have good reason to feel jolly – RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for low fixed and variable mortgage rates.
The good news is that more Canadians are debt-free and the average debt load of those living in debt hasn’t really increased over the last year. There seems to be a little more anxiety felt by those in debt and 51 per cent of respondents have prioritized paying down their debt over saving and investing in their future.
Spain is the latest EU nation to be bailed out – to the tune of 100 billion Euros. While the news caused an increase in investor confidence, what are the implications of such a move for the European economy – and Canada’s as well? Is this a signal that Europe’s financial woes should be increasingly considered a “global problem”?