Bank on Hold As Housing Expected to Continue to Slow

Bank on Hold As Housing Expected to Continue to Slow It is no surprise that the Bank of Canada maintained its target overnight rate at 1/2 percent today, reaffirming its view that the Canadian economy is still operating with considerable slack despite strong employment growth and inflation remains below the 2 percent target. The policy […]

Joe Oliver wants to lower taxpayer exposure to the housing market — but there’s no specific plan to do it

  TORONTO — Finance Minister Joe Oliver says Ottawa won’t be making any protective moves in Canada’s housing market. At a news conference Thursday, Oliver says the government’s long term aim is to gradually reduce taxpayer exposure to the residential real estate market, but there is no specific plan. Oliver’s predecessor, Jim Flaherty, moved four […]

Scotiabank’s Porter Calls Canada Bubble Fears Overblown – Ask a Vancouver Mortgage Broker

Canadian concerns about a housing bubble are overblown in a country where credit growth is modest and the job market is stable, says Bank of Nova Scotia Chief Executive Officer Brian Porter. “Bubble is perhaps the most overused word since the global financial crisis,” Porter said in an interview yesterday in Washington, referring to Canada’s […]

Bank of Canada holds key interest rate at 1%

Benchmark rate has stayed the same for 4 years Canada‘s central bank held its key interest rate at one per cent Wednesday, the same level is has been at for four years. In its latest policy decision, the Bank of Canada also kept its “neutral” stance, which means that governor Stephen Poloz has no plans […]

Rising real estate prices and low interest rates keep Canadian households upbeat – Consult with a Vancouver Mortgage Broker

Bloomberg News | May 20, 2014 | Last Updated: May 20 12:01 PM ET The share of Canadians who are predicting higher home prices in their neighborhood remained above 40% for a fifth week in the latest weekly polling by Bloomberg and Nanos Research. That’s kept consumer confidence levels at near the highest in four years, the data show. […]

Consumer confidence nears year high as Canadians put faith in rising house prices- Ask a Vancouver Mortgage Broker

The share of respondents who think real-estate prices will increase over the next six months rose to 40.3 from 40.0 the previous week, reaching the highest level since March 2012 Canada’s economic mood rebounded last week as consumers head into the holiday season buoyed by rising house prices, according to the Bloomberg Nanos Canadian Confidence […]

Bank of Canada drops rate guidance, lowers growth forecast

OTTAWA — There has been a sea change at the Bank of Canada. No longer are policymakers setting a specific monetary course for interest rates. Instead, for the first time in 18 months, they have dropped any reference to borrowing costs eventually rising — adopting a neutral position and waiting to see which way economic […]

Bank of Canada’s Poloz upbeat about economic growth – Ask a Vancouver Mortgage Broker

Bank of Canada‘s Poloz upbeat about economic growth BARRIE MCKENNA AND BRENT JANG-  OTTAWA/VANCOUVER — The Globe and Mail Bank of Canada Governor Stephen Poloz is painting a brighter picture for the Canadian economy while tossing aside concerns over a housing bubble. Canada is on its “way home” to more natural economic growth as central banks prepare […]

Trade and Investment to Support Canada’s Economy In 2013: RBC Economics

Real GDP to increase to 1.9 per cent in 2013 TORONTO, June 19, 2013 — Canada’s economy started 2013 growing at a solid clip, as energy production continued to recover and the U.S. economy proved to be more resilient to a recession than was feared, according to the latestEconomic and Financial Market Outlook issued today by RBC […]

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 […]

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