Canadian banks boost mortgages
Filed Under Main Content · Tagged: Bank Of Canada, Canada Banks, Canadian Banks, Canadian Mortgages, Canadians, Fixed Rate Mortgage, Fixed Rate Mortgages, Globe And Mail, Interest Rate, Interest Rates, Monday Morning, Mortgage Rates, Percentage Points, Reminder, Royal Bank Of Canada, Ry, Signs, Variable Rate Mortgages
The Globe and Mail- Two of Canada’s largest banks are raising rates on some fixed-rate mortgages, a reminder that mortgage rates can go up before the central bank’s key interest rate does.
The move comes as many Canadians with variable-rate mortgages have been anxiously watching for signs of exactly when the Bank of Canada will begin hiking interest rates, in a bid to wait and lock into a fixed-rate mortgage at what they hope will be the ideal time.
Royal Bank of Canada (RY-T59.24-0.58-0.97%) , the country’s largest bank, said Monday morning that it is raising the rate on three-year closed fixed-rate mortgage by 0.20 percentage points to 4.35 per cent. The four-year closed rate will increase by 0.40 to 5.34 per cent, and the five-year closed rate will rise by 0.60 percentage points to 5.85 per cent.
Canadian banks boost mortgages – The Globe and Mail
Canada odd man out as finance ministers meet
Filed Under Main Content · Tagged: Banks Canada, Banks In Canada, Canada Banks, Canadian Banks, Canadian Financial Institutions, Canadian Position, Finance Ministers, Financial Crisis, Globe And Mail, Odd Man, Public Money, Strict Regulation
The Globe and Mail – “Without being immodest, these kinds of recommendations have the world converging toward the Canadian position,” Mr. Flaherty said. “As you know, we have strict regulation of our banks in Canada. Our banks are conservatively managed. They’ve maintained high capitalizations. We have not had to put any public money into Canadian banks or Canadian financial institutions. Our Canadian banks have been able to raise money in equity markets, raise capital in equity markets even during the financial crisis.”…
Canada odd man out as finance ministers meet – The Globe and Mail
Canadian big banks top expectations
Filed Under Main Content · Tagged: Associated Press, Bank Of Canada, Canada Banks, Canadian Banks, Royal Bank Of Canada, Subprime Mortgage, Top Executive
The Associated Press – Canada’s banks avoided the subprime mortgage mess. A top executive at the Royal Bank of Canada also noted a robust spring mortgage season. …
The Associated Press: Canadian big banks top expectations
Well-regulated, well-managed Canadian banks overshadow freewheeling U.S colleagues
Filed Under Main Content · Tagged: Canada Banks, Canadian Banks, Collapse, Colleagues, Mortgage, Winnipeg Free Press
Winnipeg Free Press – A main example of this is the mortgage crisis that was a major factor in the collapse of the US banks but which never really affected Canada. …
