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Bank of Canada keeps interest rates at 1 1/4 percent It wasn’t a surprise today when the Bank of Canada today announced it would maintain the target for the overnight rate at 1 1/4 percent-largely because of the uncertainty surrounding NAFTA negotiations. The Bank said as much in its latest monetary announcement. While the Canadian Read more about Bank of Canada Holds Rates[…]
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BANK OF CANADA RATE UPDATE The Bank of Canada seems to be getting in the holiday spirit as it opts to maintain the target for the overnight rate at 1%. While the Bank acknowledged, in its recent release, that interest rate hikes are likely in Canada’s future, its standing pat for now largely because of Read more about Bank of Canada[…]
The Bank of Canada is opting to hold off on further interest rate increases-at least for now. In its recent interest rate announcement, the Bank decided to keep its overnight rate at 1% despite the fact inflation has picked up in recent months and the economy seems to be doing well. The Bank made a Read more about Bank of Canada Holds the Rate![…]
Our federal government is once again trying to control the Canadian mortgage market. Effective January 1st, 2018, watch for the following changes for the qualifications of mortgages in Canada. Another “stress test” condition will be facing consumers for all mortgages from the prime lenders. Currently the new rules only apply to high ratio mortgages(20% or Read more about More changes coming! still qualify for a mortgage?[…]