Tag Archives: bank of canada

Inflation at 1.2% – forget any increase in interest rates

The Bank of Canada maintains overnight rate at 1%, inflation is at 1.2%, ergo, interest rates should remain low for the foreseeable future. Several analysts view the odds of an increase in borrowing costs in the near future is zero. … Continue reading

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Cashback Down Payments

In another mandate by the OFSI federally regulated lenders will eliminate Cashback Down Payments. Lenders, such as credit unions, who are provincially, not federally, regulated may still approve these mortgages. However, CMHC spokesperson Charles Sauriol stated “CMHC supports the implementation … Continue reading

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Bank of Canada keeps interest rates on hold

The Bank of Canada keeps interest rates at 1% which has remained the same for 2 years, marking the longest period of unchanged rates since the 1950s.

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Bank of Canada keeps interest rates on hold

Bank of Canada keeps interest rates on hold. The Bank of Canada kept its overnight rate target at 1 per cent on July 17th, 2012. Borrowing costs have been unchanged at this level since September 2010.

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New Mortgage Rules Provide Opportunity for Credit Unions

Now that the new mortgage rules from the OSFI have taken effect, there are Opportunities for Some Credit Unions.

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Bank of Canada stands pat, cautions on Europe

Bank of Canada holds interest rates for the 14th consecutive meeting. The next scheduled rate announcement will be on July 17th, 2102.

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Bank Of Canada holds interest rate

The Bank of Canada has left their overnight lending rate unchanged at 1%. This is where it has stood since September 2010.

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Bank of Canada holds rates at 1%

Bank of Canada holds rates at 1%. Great news for those with variable rate mortgages!

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