Bank of Canada Stands Pat Once Again

30th May 2016

In a short but not-so-sweet missive, the Bank of Canada left its target overnight rate unchanged at 1/2 percent as expected. The Bank, however, sharply reduced its forecast for second quarter Canadian growth owing to the devastating wildfires in Alberta. The Bank’s economists estimate that the fire-related damage and shutdown of oil production will reduce […]

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Before you sign that mortgage renewal offer, think carefully about your options

5th May 2016

Financial Post Garry Marr | May 1, 2016 There’s a one-in-four chance that, if you’re among the 5.7 million Canadian households with a mortgage, you’re going to receive a letter in the mail this year telling you it’s time to renew. TD Bank Financial Group said the number of renewals each year has climbed to […]

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