A September U.S. rate hike is looking more likely, as the American economy continues to improve. However, such a move would lower the loonie even further. Here’s what Canadians need to know.
An impending Canadian recession will put downward pressure on variable mortgage rates, says RateSupermarket.ca’s Mortgage Rate Outlook Panel. Read on for their full take on fixed and variable mortgage rate pricing for the month of July.
It seems each week, there’s a new headline pointing to what Canadians should fear for their finances. Now, the Bank of Canada has chimed in with new warnings for the housing market, which has again surpassed the price of oil as our greatest economic risk.
What’s the biggest risk to our economy? It’s not the low price of oil – the Bank of Canada recently revealed that high levels of household debt and steep housing market are their biggest causes for concern. Here’s what that means for you.
The Bank of Canada inflation target is an important way to measure our economy’s health – but there’s recent talk of changing the target altogether. Does this spell bad news for the economy? Read on to find out.
Why are global bond yields rising – and will fixed mortgage rates spike as a result? Investors around the globe are selling off their bonds for a number of reasons. Read on to find out why – and how your cost of borrowing may be affected.
What are Bank of Canada Rates? Here’s what you need to know about the Overnight Lending rate, Prime rate and Qualifying rate.
No change was announced today for central interest rates – the Bank of Canada is sticking to status quo, as the impact of dropping oil prices is still being felt throughout the economy. Here’s what consumers should know.
In a leaked confidential letter, Finance Minister Joe Oliver has indicated TFSA doubling is likely. Here’s what consumers should know.
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?