Mortgage Rates

BOC leaves rates unchanged

by Angela Calla on August 26, 2011

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic expansion is proceeding broadly as projected in the Bank’s April Monetary Policy Report (MPR), with [...]

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Why Canadian mortgage rates are on a roller coaster

by Angela Calla on August 26, 2011

Tom Fennell Yahoo Finance  If there’s one question being kicked around the barbecue more than any other this summer, it’s probably this: should I lock in my variable rate mortgage? But with interest rates bouncing around, to the point where they make a mortgage-rate chart look more like the diagram of a rollercoaster, homeowners can [...]

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  OTTAWA – The Bank of Canada signaled Tuesday that it will look for an opportunity to raise interest rates sooner rather than later to keep inflation in check as the Canadian economy continues to grow. The central bank kept its overnight rate target at one per cent but noted that the U.S. economy has [...]

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Global debt affects us in 2 ways

by Angela Calla on August 26, 2011

The debt problems of the global financial system are your problems. So pay down your credit card, credit line and mortgage. Making your household balance sheet tidier has the fortunate spillover effect of saving our economy.  From what? Just look at what’s happening in the US: The housing market is a disaster, weak consumer spending [...]

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Global debt affects us in 2 ways

by Angela Calla on August 26, 2011

The debt problems of the global financial system are your problems. So pay down your credit card, credit line and mortgage. Making your household balance sheet tidier has the fortunate spillover effect of saving our economy.  From what? Just look at what’s happening in the US: The housing market is a disaster, weak consumer spending [...]

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