Mortgage Information

OTTAWA, Ontario, August 24, 2010 — The Bank of Canada is pleased to announce the recipients of its 2010 Law Enforcement Award of Excellence for Counterfeit Deterrence. The award was established in 2004 to recognize the work of Canadian law-enforcement personnel in deterring and preventing the counterfeiting of Canada’s bank notes.
This year, the Bank is presenting two awards – one …

Excerpted from:
Bank of Canada Announces the Recipients of Its 2010 Law Enforcement Award of Excellence for Counterfeit Deterrence

OTTAWA, Ontario, August 18, 2010 — Following similar international reports by the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision (BCBS), the Bank of Canada today published a comprehensive assessment of the potential impact on the Canadian economy of new global capital and liquidity standards, which are to be finalized later this year by the G-20.
Using …

See the rest here:
Bank of Canada releases report assessing impact of stronger capital and liquidity requirements on the Canadian economy

TORONTO, Ontario, August 18, 2010 — Continuing weakness in the U.S. economy may force the Bank of Canada to put interest rate hikes on hold after September, notes a new report from CIBC World Markets Inc.
“North America’s story is again darkening,” says CIBC’s Chief Economist Avery Shenfeld in the latest Global Positioning Strategy report. “We were looking for a material second-half …

Continued here:
CIBC World Markets Inc. trims forecast for rate hikes and currency strength in Canada as economic growth outlook dampens abroad

TORONTO, Ontario, August 12, 2010 — Well-known Canadian broadcaster, Valerie Pringle will kick-off a two-week, cross-Canada tour starting in Halifax on Monday, August 16 to talk to Canadians about their saving habits, challenges and successes. The tour is part of Ms. Pringle ’s role as the Saving Ambassador for Scotiabank’s new Let the Saving Begin program, which is designed to …

Read more here:
Let the Saving Begin, Canada!

OTTAWA, Ontario, July 22, 2010 — The Bank of Canada increased the target for its trend-setting overnight lending rate on July 20, 2010, raising it by a quarter of a percentage point to 0.75 per cent. The increase follows on the heels of an equal interest rate increase in June 2010, when it was raised for the first time since 2007. The Bank rate now stands at one per cent.
In its most …

Continued here:
Bank of Canada raises interest rates further

OTTAWA, Ontario, July 20, 2010 — The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.
The global economic recovery is proceeding but is not yet self-sustaining. Greater emphasis on balance sheet repair by households, …

Read more from the original source:
Bank of Canada increases overnight rate target to 3/4 per cent

CALGARY, Alberta, July 19, 2010 — Hear it and believe it. CanEquity Mortgage is now offering the lowest five-year rate available in the country on its Rate Special Mortgage website. The rate is so low, in fact, that the lender has mandated that it cannot be advertised.

With one click, however, you can preview the savings for yourself. The Rate Special Savings Calculator allows you to …

CanEquity Launches Lowest Mortgage Rate in Canada

TORONTO, Ontario, July 14, 2010 — Canada’s outperformance versus many advanced economies is creating “staying power” for the country’s growing popularity with foreign investors, notes a new report from CIBC World Markets Inc.
” Canada is increasingly on the lips and minds of international investors,” says Warren Lovely, government strategist with CIBC’s Macro Strategy group, fresh back …

Canada’s growing popularity with foreign investors has

TORONTO, Ontario, July 07, 2010 — Canada’s residential real estate market will start to slow in the second half of 2010 after two quarters of strong price appreciation and sales activity, according to the Royal LePage House Price Survey and Market Survey Forecast released today. While market fundamentals remain strong across most major centres in Canada, sales activity was overly …

Read more:
Canada’s Real Estate Market to Cool Slightly after Strong First Half

REGINA, Saskatchewan, June 22, 2010 — A rebound in the potash sector, strength in energy and strong population trends are poised to fuel 4.2 per cent growth in Saskatchewan this year – the strongest in Canada, according to the Provincial Outlook report from BMO Capital Markets Economics.
“Potash sales have bounced back, output was up 75 per cent year-over-year in the first …

Read the original: