19 May, 2020
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With about 10 million people receiving Canada Emergency Response Benefit (CERB) payments so far, many Canadians are making a lot less money than […]
Comments Off on Bank of Canada warns of excess household debt
Tag: bank of canada
10 Mar, 2020
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While people are panicking over the mass shortage of toilet paper and stocking up, there is also something else to be considering acting […]
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The interest rate used by the federally regulated banks in mortgage stress tests has declined for the first time since 2016, making it […]
Comments Off on Bank of Canada lowers qualifying rate used in mortgage stress test
In a terse statement, the Bank of Canada maintained its benchmark overnight rate for the fifth consecutive meeting and stated that economy was […]
Comments Off on Bank of Canada Maintains Overnight Rate at 1.75%
As markets like Toronto and Vancouver stabilize and the impact of new regulations is absorbed, Bank of Canada Governor Stephen Poloz said in […]
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5 Sep, 2018
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Today, the Bank of Canada (BoC) maintained its target for the overnight rate at 1.50%. The Bank Rate is correspondingly 1.75% and the deposit rate is […]
Comments Off on Bank of Canada maintains overnight rate target at 1.50%
On April 27, 2018, Toronto-Dominion Bank (TD) lifted its posted rate for five-year fixed mortgages by 45 basis points to 5.59% as government […]
18 Apr, 2018
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Today, Wednesday, April 18, 2018, The Bank of Canada (BoC) maintained its target for the overnight rate at 1.25%. The Bank Rate is correspondingly 1.50% and […]
23 Jan, 2018
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It’s easy to say that 2018 will be a year of big change, because it seems like every year brings big changes when […]
On October 17, 2017, the Office of the Superintendent of Financial Institutions (OSFI) issued a revision to mortgage qualification guidelines in Canada. The […]