Bank of Canada bumps up rate

Calgary Herald- The Bank of Canada raised its benchmark policy rate by 25 basis points to 0.75 per cent, even though it scaled back its growth outlook on the belief budget cutting among households and governments in advanced economies will "temper" the pace of the global recovery.

Many of Canada’s commercial banks followed suit by raising their prime lending rates.

The central bank acknowledged the economy is weaker than initially believed — but not feeble enough to call off yet another rate hike and likely more in the future.

Certainly, the interest-rate decision delivered yesterday teemed with caution. The central bank’s statement accompanying its decision highlighted how a "greater emphasis" on budget cutting among governments and households would slow the pace of the global recovery…

Bank of Canada bumps up rate

Will cautious canada be the new switzerland?

 Calgary Herald – AB, Canada – He notes, properly, that Canada’s housing market experienced less of a bubble because mortgage interest is not deductible here the way it is in the US That, …

Will cautious canada be the new switzerland?

Canada finds itself in a ‘credit deadlock

 Calgary Herald – AB, Canada An FP colleague who renegotiated her mortgage in September says her mortgage rate — prime, minus 75 basis points — will fall to an astonishingly low 2.25% …

Canada finds itself in a ‘credit deadlock

Construction decline to continue

 Calgary Herald – AB, Canada – In a review of its predictions for construction activity this year in and around Calgary, Canada Mortgage and Housing Corp. has erased its earlier call for …

Construction decline to continue

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