Higher interest rates could be coming sooner, says Bank of Canada governor By Julian Beltrame, The Canadian Press OTTAWA – Canadians could be facing higher interest rates sooner than previously thought as a result of stubborn inflation and stronger economic growth, Bank of Canada Mark Carney said Wednesday. Carney did not declare higher rates were […]

Housing market to be tamer over next decade: Scotiabank | Wednesday, 24 March 2010 Despite 2010’s strong start, Scotiabank expects the “twenty-tens” Canadian housing market to pale in comparison to the previous decade.   A report titled “Global Real Estate Trends”, released by the bank yesterday, speculated the volume of home sales transactions will increase by 10 per […]

Cost of owning a home up slightly in late 2009; will continue to rise: RBC Sunny Freeman , The Canadian Press TORONTO – Home prices will continue to rise this spring as buyers scramble to close deals ahead of expected higher interest rates, new mortgage rules and new taxes in two key markets. A report […]

The Flaherty effect Helen Morris, National Post  Many of us have been enjoying supremely attractive interest rates on mortgages. However, with rates having been at historic lows for quite some time and with the economy heating up, the only direction rates will go from here is up. The finance minister wants to ensure borrowers are […]

75 years on, Bank gets it right on inflation William Watson, Financial Post  Seventy-five years ago Thursday the newly constituted Bank of Canada took over responsibility for Canada’s currency. It was supposed to have done so 10 days earlier but British American Bank Note Co. was late with its initial delivery of cash. Since 1935, […]

Regular reviews of your mortgage ensure your loan is still right for your financial situation by Malcolm Morrison, THE CANADIAN PRESSTORONTO – Buying a home is probably the most expensive purchase you will ever make and if you’re like the vast majority of Canadians, you used a lot of borrowed money to experience the joys […]

Budget 2010: A second year of stimulus spending Paul Vieira, Financial Post  OTTAWA — The Conservative government sketched out on Thursday its initial plans to return to budget balance, by targeting cuts in the public service, a freeze on foreign aid, limited growth in military spending and higher EI premiums. The spending restraint, outlined in […]

Economy improving, but interest rates to stay at historic lows for now By Julian Beltrame, The Canadian Press   OTTAWA – The Bank of Canada is keeping interest rates at historic lows for a few more months, while sending out signals that the economy is rebounding strongly and could trigger inflationary pressures.   The central […]

Paul Vieira, Financial Post      OTTAWA — Pressure on the Bank of Canada to move early on raising interest rates mounted Monday after data on fourth-quarter gross domestic product suggested the economy is roaring its way out of recession after recording the fastest pace of growth in nearly a decade.   The central bank […]

By Jeffrey Hodgson  TORONTO (Reuters) – Global investors ravaged by rising sovereign risk will find welcome respite in Canada’s March 4 federal budget, with controlled leaks and relatively healthy finances making it a refreshingly low-key event for markets. In stark contrast to the Greek budget tragedy unfolding in Europe, Canada is expected to forecast a […]