Article content We saw multiple providers dip below four per cent on trusty five-year fixed terms. Ratebuzz.ca, for example, is advertising as low as 3.95 per cent in Ontario. And that’s for non-default insured financing (i.e., refinances and purchases over $1 million). Article content Insured five-year terms have been sub-fours for weeks, and this week […]
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Breadcrumb Trail Links News Economy Balancing weaker economic growth but higher inflation, central bank may trim rate by 25 basis points to 2.75 per cent Published Mar 10, 2025 • 3 minute read Tiff Macklem, governor of the Bank of Canada, at the Hilton Mississauga Meadowvale, on Feb. 21, 2025. Photo by Peter J. Thompson/National […]
Breadcrumb Trail Links News Economy Unemployment rate falls, raising doubts about a bigger interest rate cut Published Oct 11, 2024 • Last updated 26 minutes ago • 3 minute read Canada’s unemployment rate unexpectedly fell as job gains beat expectations, bolstering the Bank of Canada’s case for gradual rate cuts and raising hopes of a soft […]
Breadcrumb Trail Links News Economy Tiff Macklem urges Canada to reduce trade barriers Published Sep 10, 2024 • 3 minute read Bank of Canada Governor Tiff Macklem says global trade has shifted thanks in large part to the West’s changing relationship with China. Photo by Sean Kilpatrick /The Canadian Press Article content Slowing globalization and […]
Breadcrumb Trail Links News Economy Banking Senators questioned whether Bank of Canada should just change its inflation target to give Canadians relief on high mortgage rates Get the latest from Barbara Shecter straight to your inbox Sign Up Published May 01, 2024 • Last updated 1 hour ago • 4 minute read Bank of Canada Governor […]
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Breadcrumb Trail Links Economy Areas of the economy most sensitive to rates already seem to be in recession Bank of Canada governor Tiff Macklem hiked rates by 25 basis points at the June 7 meeting. Photo by Sean Kilpatrick/Canadian Press/Bloomberg Article content There are lies. There are damned lies. And then there are statistics. To […]
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