6/20/2019 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ... More

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  5/29/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada today maintained its target for the overnight rate. ... More

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  5/27/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More

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  5/23/2019 | Posted in Financial Health by Micheal Turk
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More

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  5/21/2019 | Posted in Interest Rates by Micheal Turk
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Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t know ... More

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  5/14/2019 | Posted in Financial Health by Micheal Turk
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Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

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  5/6/2019 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More

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  5/1/2019 | Posted in Interest Rates by Micheal Turk
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The latest reading of Canada’s economy brings both good and bad news for the housing market. ... More

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  4/29/2019 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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Canadians now owe an average of $1.79 for every dollar of disposable income. ... More

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  4/3/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More

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  3/15/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

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  3/12/2019 | Posted in Canadian Housing Market by Micheal Turk
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Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More

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  3/10/2019 | Posted in Canadian Economy and Housing Market by Micheal Turk
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Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says. ... More

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  3/6/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More

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  2/28/2019 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ... More

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  2/25/2019 | Posted in Interest Rates by Micheal Turk
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More

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  2/22/2019 | Posted in Interest Rates by Micheal Turk
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Stephen Poloz says the upward path for interest rates is 'uncertain'. ... More

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  2/1/2019 | Posted in Canadian Housing Market by Micheal Turk
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The Bank of Canada has admitted that the economic impact of strict mortgage regulations, local housing restrictions, and the upward trend in interest rates was more serious than ... More

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  1/22/2019 | Posted in Financial Health by Micheal Turk
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency. ... More

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  1/22/2019 | Posted in Mortgages and Real Estate by Micheal Turk
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Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist. ... More

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  1/16/2019 | Posted in Interest Rates by Micheal Turk
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ... More

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  1/9/2019 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More

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  1/9/2019 | Posted in Financial Health by Micheal Turk
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth. ... More

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  1/5/2019 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again. ... More

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  12/19/2018 | Posted in Canadian Economy and Housing Market by Micheal Turk
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Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates. ... More

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  12/17/2018 | Posted in Canadian Economy and Housing Market by Micheal Turk
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More

Real Estate & Mortgage News

  12/5/2018 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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The Bank of Canada is leaving its key interest rate unchanged. ... More

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  12/4/2018 | Posted in Canadian Economy and Interest Rates by Micheal Turk
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The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock. ... More

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  11/7/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and 3.5 ... More

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