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…
No housing bubble in sight
The head of Canada’s biggest bank and one of the country’s leading developers said the housing market is not in a bubble, even as one economist said Toronto is caught…
Bank of Canada says may have to hike rates
OTTAWA - The Bank of Canada left its key interest rate at 1 per cent on Tuesday as expected but said it may need to start hiking rates due to…
Modest increase in sale for 2012, dip for 2013
Sales of existing homes in Canada are projected to increase slightly this year, but dip in 2013, the Canadian Real Estate Association said on Monday. Sales are predicted to rise…
Weekly Market update Feb 27 2012
The title refers of course to a popular movie, in which the protagonist stands helplessly by as history endlessly repeats itself. High oil prices were one of 2011’s main…
Economic Update Feb 17 2012
Debt is no longer a four-letter word in the US. So far, the mother of all deleveraging has seen US household debt (ex student loans) falling by no less than…