Housing Hold’em: RBC Poll finds over half of younger Canadians plan to buy next year

46 per cent of younger homeowners say mortgage costs eat up too much income TORONTO, APRIL 7, 2011— Over half of young Canadians (55 per cent) believe that it makes sense to delay a home purchase until next year, 10 points higher than the national average, and almost half (46 per cent) of younger homeowners […]

RBC predicts Canadian economy will grow 3.2% in 2011

March 11, 2011 Canada’s economy will grow by 3.2 per cent this year, assuming rising American demand for consumer goods and autos, according to a report issued Friday by Royal Bank. Economists at the bank predict net exports such as cars and commodities will boost economic growth this year and next, as those industries account […]

Bank of Canada maintains overnight rate target at 1 per cent

The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. In its decision, the Bank showed caution in the face of an improving Canadian economy. “The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of the anticipated rebalancing of demand,” […]

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