Mortgage Qualifications

Two Canadian Economists weigh in on US debt ceiling

by Angela Calla on August 26, 2011

The world is watching as negotiations to raise the US debt ceiling drag on towards the August 2nd deadline. Republicans recently proposed a plan to be voted on this week, hinging on cuts and caps, but the acrimony over spending or taxes continues.   Two Canadian economists have weighed into the debate, with editorials. While [...]

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Dollar within striking distance of modern-day high

by Angela Calla on August 26, 2011

TORONTO (Reuters) – The Canadian dollar looks set to extend a rally that’s taken it to 3-1/2 year highs against the U.S. dollar this week, as more hawkish Bank of Canada comments lifted the currency and global investors pushed into the safety of Canadian assets. Given the central bank’s clear signal it would likely resume [...]

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With the very real possibility of a rate hike in the near future, for many in the lending business, particular attention is going need to be directed towards due diligence and, for some clients, on the business of debt management.  According to a new report released from BMO Economics, “interest rates are likely to increase [...]

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