What’s in store for August mortgage rates? RateSupermarket.ca’s expert Mortgage Rate Outlook Panel finds both fixed and variable rates will remain unchanged in the short term. Good news for buyers looking to get into the market before back-to-school season hits.
Are consumers receiving mixed mortgage messages? As economic data underperforms and the Bank of Canada cuts rates for a second time this year, but can borrowers expect?
The Bank of Canada has cut rates for the second time this year, bringing the cost of borrowing to 0.5%. How will this affect borrowers, homeowners and the economy? Read on for the full story.
Is a Canadian recession inevitable? Recent economic data paints a grim picture, and many believe the Bank of Canada will respond with another rate cut. Here’s what you need to know.
The timing of the US Fed hike has been long speculated upon – any movement in central rates there would have deep implications for other nations’ interest rates – especially Canada’s. Here’s what you need to know.
Attention Canadian banking customers – you could find yourself paying higher fees to use your chequing and savings accounts. Each of the nation’s “Big Five” banks have hiked their banking fees, or are set to over the coming weeks. Here’s what you need to know.
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.
A CIBC study finds Canadian home buyers prefer fixed mortgage rates to variable, especially as recent discounts make locking in more affordable than ever.
Two Canadian economic forecasts were revised this week to reflect the damage cause by sliding oil prices. Meanwhile, household consumer debt levels continue to be cause for concern.