by Gail Vaz-Oxlade, for Yahoo! Canada FinanceThursday, May 27, 2010 Ever wonder how that magical number – The Credit Score – is computed?  Whether you’re obsessing over your FICO score or your Beacon score, you’re likely shopping for credit. The FICO score was developed by Fair Isaac & Co., which began credit scoring in the […]

Tuesday, 1 June 2010 After more than a year at a record low level, Bank of Canada Governor Mark Carney raised the benchmark interest rate for the first time since 2007 by one-quarter percentage point to 0.5 per cent.  This is the first time since 2007 that that rate has increased and the Bank of […]

Realtors to Canadians: Chill out Steve Ladurantaye Real Estate Reporter Globe and Mail Update There will be no drastic drop in Canadian housing prices, the Canadian Real Estate Association said Thursday, because house prices will stabilize and climbing household income will make owning a home more affordable. Responding to reports from some of the country’s […]

By Julian Beltrame, The Canadian Press OTTAWA – The Canadian dollar plunged to its lowest level in eight months before recovering Tuesday, sending a clear signal that Europe’s debt crisis has the potential to reach across the Atlantic and impact Canada’s mending economy. The loonie has lost about eight per cent of its value over […]

Tuesday, 25 May 2010 Owning a home in Canada, except in Alberta, has become even more expensive, according to the latest housing report just release by RBC Economics Research. The report says the costs of owning a home rose for the third straight quarter across all housing segments in the first quarter of 2010. “Although […]

New rules cuff some mortgages to banks Garry Marr, Financial Post  A headlock would be the wrestling term to describe the hold Canadian banks will have on some consumers because of new, more strict mortgage rules. We are already seeing the impact of the changes that came into effect on April 19, but were put […]

TORONTO – The loonie has been living up to its name in recent weeks, swooping crazily from just above parity with the U.S. greenback to well below as it navigates a violently turbulent global economy. The Canadian dollar’s latest move was a 2.12-cent retreat, as panicky currency traders looked for somewhere safe to park their […]

Thursday, 20th May All eyes were on the Canadian Dollar (CAD) on April 6th as it hit parity against the US Dollar (USD). However the run seems to be over as commodity prices drop off and the CAD falls to 0.9350.   Historically, commodity prices drive the CAD, no real surprise for this export led […]

Private sellers shaking up real estate industry Steve Ladurantaye Globe and Mail  Gordon Ives is the sort of customer who keeps real estate agents awake at night: a former customer.   Last year, after several years of trying to sell his Charlottetown home through an agent, the retired banker decided to change tack and find […]

Friday’s inflation rate expected to open door to interest rate hikes: economists  By Julian Beltrame, The Canadian Press OTTAWA – Canadians likely have only two weeks left to enjoy historically low interest rates. With global markets beginning to stabilize following the recent fears over a Greek debt default, economists say the pieces are falling into […]