As the financial storm moves into the Canadian economy the Bank of Canada as expected has chosen to forgo on the rate increases as they once had promised would happen. The main reasons for the decision come from lower than expected GDP numbers and from the decision that Alberta government has taken to reduce oil production starting…
DetailsThere’s nothing quite like stepping into your dream home for the very first time. You have achieved your goal of homeownership! However, the journey from home seeker to home buyer can be challenging – unless you have a well-defined plan and guidance from the right professionals. As a mortgage broker, here’s how I will help…
DetailsFOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario October 24, 2018 Available as: PDF The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic outlook remains solid. The US…
DetailsThe Bank of Canada today increased its target for the overnight rate to 1 ½ percent. The Bank Rate is correspondingly 1 ¾ percent and the deposit rate is 1 ¼ percent. The Bank expects the global economy to grow by about 3 ¾ percent in 2018 and 3 ½ percent in 2019, in line…
DetailsThe Bank of Canada today maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent. Global economic activity remains broadly on track with the Bank’s April Monetary Policy Report (MPR) forecast. Recent data point to some upside to the…
DetailsRising rates & toxic debt. Just how big is the problem and what can be done about it? This is the million dollar question or should I say the $2 Trillion question. In the tail end of last year, Canadians amassed an astonishing $2 Trillion dollars of debt. Three-quarters of this debt come from mortgages, the…
Details***NEWSWIRE FROM BoC*** The Bank of Canada today maintained its target for the overnight rate at 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent. Inflation in Canada is close to 2 percent as temporary factors that have been weighing on inflation have largely dissipated,…
DetailsThe Bank of Canada today maintained its target for the overnight rate at 1 1/4 percent. The Bank Rate is correspondingly 1 1/2 percent and the deposit rate is 1 percent. Global growth remains solid and broad-based. In the United States, new government spending and previously-announced tax cuts are anticipated to boost growth in 2018…
DetailsSelf-employment & mortgages in many cases are like oil and water the two hardly mix as the government has put in place strict rules about who can qualify for a mortgage and who can not. In Canada and in Quebec in particular self-employment is on the rise and as such business owners are finding it…
DetailsMontreal has had enough of tax hikes! This is the message that protesters brought to Point-Claire City Hall on Sunday afternoon. Mayor Valerie Plante can dress up the hikes as she wants but the Mille rate is about to change and it will have an impact greater than what you might think. Some of the largest…
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