Share Canadians are almost certain to be enjoying the historically low interest rates for at least another 4 months now that the Bank of Canada has missed the opportunity to have a policy change today. The central bank acknowledged during its scheduled policy rate announcement that the economy has improved, even to the point that [...]
Share Canada Mortgage and Housing Corporation (CMHC) announced 22 new grants to improve housing affordability got Canadians. These grants total $99,700 and shall be awarded under CMHC’s Affordability and Choice Today (ACT) Initiative. ACT has been in operation since 1990, and it provides grants of up to $5,000 to teams of municipalities and private or [...]
Share With the change coming to the housing market, home buyers might begin to find themselves looking at less expensive houses in order to purchase a home according to the new rules. What might happen as we are nearing the period when interest rates rise, we will see Canadians stretching their budget; however what happens [...]
Share Canada’s inflation rate rose last month as Statistics Canada’s consumer index rose more than half a point to 1.9%, making this the largest increase seen in more than a year. The entire inflation indicators rose in January and all provinces experiences inflations, with Atlantic Canada having the biggest gains. The Bank of Canada core [...]
Share New research by the Royal Bank of Canada (RBC) suggests that recession weary Canadians are divided on the future of the country’s economy; however there is much more hope for the year ahead. According to the data, 60% of people across Canada feel that the national economy will improve in 2010 after 2009 being [...]
Share A report from Statistics Canada shows Canadians are deeper in debt that even before, however with record low interest rates it means that debt loads are still manageable and likely to improve as the economy begins to improve from the recession. Household net worth has reached $5.72 trillion at the end of September, making [...]
Share The Royal Bank of Canada (RBC) expects that Canadians being hit by higher interest rates in the second half of 2010 and in 2011. RBC economists note that the Bank of Canada will be among the group of central banks to more off floor low rate with the Canadian bank’s overnight rate finishing 2010 [...]
