Carney shifts from housing bubble to sluggish growth – Consult with a Vancouver Mortgage Broker

Carney shifts from housing bubble to sluggish growth KEVIN CARMICHAEL AND TARA PERKINS   Mark Carney can taste victory in his long-running battle against a housing bubble. For the first time in a year, the Bank of Canada on Wednesday signalled comfort that Canadians are getting the message about taking on too much mortgage debt, […]

Thank Carney and horseshoes for Canada’s stellar performance – Consult with a Vancouver Mortgage Broker

Last Friday’s non-bubbly housing start numbers and weak employment data should not distract Canadians from two key points. First, after a short, sharp economic shock, Canada’s economy began its recovery in late spring 2009 and has hardly paused since. Second, in comparison with the U.S., the EU, and especialy the U.K, Canada’s performance has been […]

Canada’s Carney says rate hikes “less imminent” – Consult with a Vancouver Mortgage Broker

TORONTO (Reuters) – Interest rate hikes have become less imminent than the Bank of Canada once expected, although rates are still likely to rise, central bank Governor Mark Carney said in an interview published on Saturday. “Over time, rates are likely to increase somewhat, but over time, so a less imminent timing relative to our expectation,” […]

Carney on rates: no ‘imminent’ changes

KEVIN CARMICHAEL The Globe and Mail Published Wednesday, Oct. 24 2012, 10:37 AM EDT Last updated Wednesday, Oct. 24 2012, 7:41 PM EDT Interest rates may not head higher until well into next year, but Mark Carney wants Canadians to understand that their economy is unique in that it is “in an expansion, not a recovery.” The […]

Carney warns falling oil price could grease economy’s slide

JEREMY TOROBIN OTTAWA — The Globe and Mail Published Tuesday, Jul. 17 2012, 9:09 AM EDT Last updated Wednesday, Jul. 18 2012, 7:34 AM EDT The Bank of Canada is adding the downward drift in prices for oil and other commodities to its catalogue of threats to economic growth. In a one-page statement on his latest interest-rate decision Tuesday, […]

Mark Carney repeats that the Bank of Canada may have to raise rates

OTTAWA — Bank of Canada Governor Mark Carney has said again that the bank may have to raise interest rates to keep inflation in check as Canada’s economic recovery advances. “Given the smaller output gap, given the slightly firmer underlying inflation, the possibility of withdrawal of some degree of the considerable monetary stimulus that is […]

Canadians getting the message on debt load, Carney says

JEREMY TOROBIN OTTAWA— From Wednesday’s Globe and Mail Canadian house prices are now almost five times higher than incomes, the latest illustration of why policy makers are worried about parts of the housing market. The average price is roughly 4.75 times the average income, Bank of Canada Governor Mark Carney said Tuesday, noting that the historical […]

Mark Carney: The man who speaks the truth

In this age of spin, rare are the voices that speak with candour. Certainly, the federal government’s vast apparatus can’t be counted on to speak the truth, not with the Harper party’s partisan manipulation of every utterance. Nor can anyone count on the opposition parties, whose game it is to embarrass the government. In the […]

A better way to tap home equity

If you can’t live within your means in your working years, there’s no reason to believe you’ll pull it off in retirement. So let’s start familiarizing ourselves with the options for retirees who didn’t save enough to live the kind of lifestyle they want. One is to go back to work. Easy to say, but […]

Get more out of your TFSA

Canadians love Tax-Free Savings Accounts, but are you getting the full benefit? We spoke to six savvy savers to find out how you can do better When Tax-Free Savings Accounts (TFSAs) first appeared in January 2009, millions of Canadians embraced them with open arms—and open wallets. Even if we’re not a nation of diligent savers, […]

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