The federal government and a federal banking regulator are planning to tweak mortgage stress tests in time for the busy spring home-buying season, a move that could make it easier for would-be owners to get a loan and add fuel to Canada’s housing market. Finance Minister Bill Morneau and the Office of the Superintendent of […]
As widely expected by economists and investors, the Bank of Canada left its trend-setting interest rate unchanged at 1.75 per cent, Global News/ Fergal Smith–Reuters Full Article: https://globalnews.ca/news/5025942/bank-of-canada-interest-rate-unchanged-1-75/ The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and […]
The Bank of Canada signalled Wednesday it expects to stick to its rate-hiking path, although at perhaps a more-tentative pace The Bank of Canada left its benchmark interest rate unchanged Wednesday after raising it twice since the summer — but it signalled that future hikes are likely on the horizon. In its scheduled announcement, […]
Critics say new mortgage rules will push borrowers to unregulated lenders Canada’s banking regulator will move ahead with controversial new mortgage stress-testing rules in an effort to curb risky lending practices at banks, but critics say the changes will drive more borrowers to unregulated alternative lenders and add risk to the financial system more broadly. […]
The Bank of Canada (BOC) raised the prime rate by 0.25% today taking the last of the 2015 emergency stimulus out of the system. The rate increase was expected to happen in October, however the economic growth seen over the summer was enough for the BOC to make the move on 6th Sep 2017. So […]