The Bank of Canada announced this week that it would leave its mortgage market-influencing key interest rate unchanged again. This development — or lack thereof — did not come as a surprise to economists who pay close attention to the central bank’s moves. It was, after all, the fifteenth straight ...
Continue ReadingMcGill University campus is seen Tuesday, June 21, 2016 in Montreal. To help Canadians better understand how to manage their personal finances, McGill University’s Desautels Faculty of Management has collaborated with RBC Future Launch and the Globe and Mail to develop a free online financial literacy course. (Paul Chiasson/THE CANADIAN ...
Continue ReadingOf all the surprises that 2019 had in store for Canadian home buyers, consistently low mortgage rates were certainly among the more pleasant and unexpected. Earlier in the year, the consensus opinion among market experts was that the Bank of Canada would surely hike its mortgage-market influencing overnight rate and ...
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