Finance news 2013: From the Bank of Canada rate to BlackBerry, it has been a rollercoaster for Canadian finance news. Check out our top 5 headlines of the year.
Mortgages Spotlight: The 2013 CMHC Housing Observer was released this week, and reveals consumers have much to save by negotiating their mortgage rates.
Mortgages Spotlight: Potential central bank rate cuts are the topic du jour, as several countries release their rate announcements this week. However, such a move is likely to be a last resort in Canada, despite flagging inflation.
Home buyers have good reason to feel jolly – RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for low fixed and variable mortgage rates.
Mortgages Spotlight: The IMF challenges whether CMHC should cover mortgage defaults in Canada, and predicts strong economic growth next year.
Bank of Canada Governor Stephen Poloz has expressed confidence that the Canadian housing market is on track to balanced territory despite contradicting reports of overvaluation and an inevitable rate rise.
In his most significant speech since assuming the Bank of Canada governor position, Stephen Poloz announced his stance this week on Canada’s economic progress. According to him, our nation is on track for natural growth and expansion.
With no change made to the Bank of Canada’s Overnight Lending Rate since September 2010, economists look the the perceived “rate bias” indicated in the wording of rate announcements. This bias is seen as a hint of where rates may go next, and are powerful enough to influence global markets.
Mortgages spotlight: This week, outgoing Bank of Canada governor Mark Carney made his last rate announcement, and incoming Stephen Poloz prepares for Canada’s economic challenges.
Expanding your family? Don’t forget to create your baby budget. Check out our tips, from newborn necessities to saving for college.