Your mortgage is about to get more expensive
The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signaled that, barring certain risks, more hikes are likely in the rest of the year. That’s…
Canada won’t interfere in housing market — for now: Flaherty
OTTAWA — The Canadian government has no plans for now to clamp down on the housing market even though prices are rising again, Finance Minister Jim Flaherty said on Monday,…
Why no rate hike means variable mortgages are safe again
A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood of falling mortgage rates, could be enough…
Bank of Canada drops rate-hike talk
The Bank of Canada has abandoned 18 months of warnings that interest rates will one day have to rise, saying on Wednesday that a soft economy and persistently weak inflation…
Overbuild Condo Market
An overbuilt and overpriced condominium market is posing a risk to Canadian households, banks and the economy in general, the Bank of Canada warned Thursday in its latest review of…
Bank of Canada maintains overnight rate target at 1 per cent
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…
Canada has room for more interest rate cuts: IMF
OTTAWA — While Canada’s economy should pick up later this year, there are external and domestic threats that, if unchecked, could make a case for more interest rate cuts, according…