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Friday, November 22nd, 2019

Bank of Canada cuts 2013 growth outlook – Consult with a Vancouver Mortgage Broker

Bank of Canada cuts 2013 growth outlook Reuters – Bank of Canada Governor Mark Carney leaves his office for a news conference upon the release of the Monetary Policy Report in Ottawa October …more  The Bank of Canada cut its growth forecast on Wednesday in a signal that interest rates will remain at historically low levels for some […]

Bank of Canada signals no rate hikes anytime soon – Consult with a Vancouver Mortgage Broker

OTTAWA — While the Bank of Canada acknowledges the economic outlook here and elsewhere “is slightly weaker” than thought, policymakers are also offering up some hope for the near future. In a nutshell, Canada’s economy is growing at a slower pace than expected — although a pickup is likely later this year —and inflation remains […]

Why the housing market won’t crash in 2013

The 12-month change in the Teranet-National Bank House Price Index has decelerated in recent months to 3.4 per cent, led by declines in Vancouver (-1.4 per cent) and Victoria (-1.7 per cent). Some people interpret this weakness as a sign that a housing crash has started – see, for example, the Canadian Business article “Canada’s […]

Bank of Canada holds rates, but keeps hike in its sights

OTTAWA — When Bank of Canada governor Mark Carney moves onto his new U.K. job in seven months, it is likely little else will have changed back home. Interest rates will still be at near-record lows, and the economy will be continuing to churn out less-than-stellar growth. That presents a problem for the central bank, […]

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 […]

BoC hints at rate hike

  The Bank of Canada announced Wednesday it will maintain its overnight rate at 1 per cent, also hinting at the future withdrawal of that stimulus. “In Canada, while global headwinds continue to restrain economic activity, underlying momentum remains at a pace roughly in line with the economy’s production potential,” writes the Central Bank in […]

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, […]

Bank of Canada to stay ‘flexible’ on interest rates

November 24, 2011 by  
Filed under Latest News, Latest Rates, Mortgage FAQ, Recent News

JEREMY TOROBIN The Bank of Canada will continue to take a loose approach to meeting its 2-per-cent inflation target because of the deteriorating global outlook and a European debt crisis that is “barely contained,” Governor Mark Carney says. In his first remarks on inflation-control since the federal government renewed the central bank’s mandate earlier this […]

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