Showing Tag: "rates" (Show all posts)

Financial Post: Bank of Canada can afford to put off rate hike until 2015

Posted by Jackelyn Ford on Thursday, May 8, 2014,
Gordon Isfeld | November 27, 2013

OTTAWA — First, the good news.

Canada’s economy will accelerate in 2014 — clocking in at a pace of 2.25%, easily overtaking this year’s modest growth of nearly half that, according to the world’s largest lending organization.

Homeowners feel the pinch of rising prices, mortgage rates

RBC’s latest research on how much income is needed to maintain ...

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HW: 3 things to know about interest rates in 2014

Posted by Jackelyn Ford on Tuesday, March 4, 2014,
Trey Garrison | January 10, 2014

Interest rates will go up. Or they will stay the same. One of those two things will definitely happen in 2014, economists say, and some lenders and investors may have trouble adjusting to the change.

"We think rates are generally headed up. We have a growing economy both here and aboard,” said Mike Fratantoni, chief economist for the Mortgage Bankers Association (MBA). "We’r...

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BNN: Canadians in top 1% earn 7 times national median

Posted by Jackelyn Ford on Tuesday, March 4, 2014,
Bill Curry | September 11, 2013

Canadians in the top one percent are paid more than $191,000 a year according to the National Household Survey, which takes a closer look at how governments take from the rich and give to the poor.

The make-up of the one percent club is overwhelmingly male, most-likely over the age of 45 and tends to work in management jobs. Canada's top earners are also more likely to m...

Continue reading ... 10 Things Business Owners Can Count On in 2014

Posted by Jackelyn Ford on Tuesday, March 4, 2014,!
Gene Marks | December 26, 2013

We are small business owners. We complain about uncertainty. We don't like surprises. Well, we can stop complaining.
Because here are 10 things you can be absolutely certain about in 2014.

1. Washington gridlock will continue. The Republicans are working to win back the Senate in this year's
Congressional elections. It’s a long shot. If they control both houses of Congress...

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BNN: Flaherty details new mortgage rules

Posted by Jackelyn Ford on Monday, January 17, 2011,
Bill Curry and Grant Robertson, The Globe and Mail | January 17, 2011

Concern over rising consumer debt levels is prompting Ottawa to make three new changes to Canada's mortgage rules.

Finance Minister Jim Flaherty announced Monday that new federal rules will reduce the maximum amortization period to 30 years from 35 years for government-backed insured mortgages with loan-to-value ratios of more than 80 percent.


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BNN: Low rates create risks, Bank of Canada chief warns

Posted by Jackelyn Ford on Monday, January 17, 2011,
Reuters | December 13, 2010

Bank of Canada Governor Mark Carney warned Canadians on Monday of the risks inherent in what he predicted would be a prolonged period of low interest rates in advanced economies. At the same time, he said businesses and individuals should be aware that the era of cheap money would inevitably end. He also highlighted the relative strength of the Canadian economy ve...

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BNN: Scotia sees 2011 gains for loonie, stocks

Posted by Jackelyn Ford on Monday, January 17, 2011,
Reuters | December 7, 2010

Canada's dollar will grind higher against the greenback in 2011 and 2012, boosted by demand for commodities and interest rates higher than those found in the United States, Scotiabank predicted.

The S&P/TSX composite index is also likely to rise more than 5 percent from current levels by the end of next year as the economy recovers further, the bank said in an economic and market outlo...

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Globe & Mail: A call for long-term thinking

Posted by Jackelyn Ford on Monday, January 17, 2011,
BOYD ERMAN and TIM KILADZE - Tuesday, October 19, 2010

TORONTO -- Larry Fink worries that Americans are putting their economy at risk by neglecting the future.

The founder of BlackRock Inc., the world's largest asset management company, isn't keeping the concern to himself, either. "The biggest weakness I think we have in America is we have forgotten the long term," Mr. Fink said in a recent interview ...

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Globe&Mail - Mark Carney warns of ‘modest’ growth

Posted by Jackelyn Ford on Monday, October 4, 2010,

Jeremy Torobin, The Globe and Mail - September 30, 2010

The economy will grow at a "modest pace" in the coming months amid headwinds from abroad, and as Canadian households try to attack the debt that emergency low borrowing costs allowed them to pile up during the recession, Bank of Canada Governor Mark Carney warned Thursday.

While Canada's recovery has been the envy of the Group of 7, it has relied on levels of con...

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BNN - Recovery zooms, rate hike widely expected

Posted by on Tuesday, June 1, 2010,
Reuters  May 31, 2010
Canada's economy expanded at the fastest clip in more than a decade in the first quarter, fueling expectations that Tuesday the Bank of Canada will become the first G7 country to raise interest rates since the start of the recession.

Statistics Canada said Monday that consumer spending, a hot housing market and a return of business investment helped boost gross domestic product by 6.1 percent at an annual rate in the quarter, the biggest jump since the fourth quarter of...

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About These Articles

Jackelyn Ford These articles have been chosen because they provide a macro view of the financial world. This wide scope of articles can then be applied to aid your own personal financial situation. E.O.E.