There are times when going with what you wish for rather than listening to the professionals will pay off. This is one of those times for Canadians looking at financing a home.In less than a year, mortgage rates in this country have dropped …
Interest Rates
Interest Rates More Likely to Go Down than Up
The indicators are starting to point in the same direction: that interest rates are more likely to fall than to rise.That is something of a contradiction of what we’ve been hearing forever, warnings that rates can only go up and those carrying …
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Household debt shrinking
For the past few years we’ve heard successive finance ministers and the Bank of Canada governor cautioning Canadians on the amount of debt they carry. They encourage us to pay off debt as interest rates are about to rise.After all, they argued, …
Interest rates on hold
When the Bank of Canada issued its decision this week to stand pat on interest rates, it was largely what everyone expected. The Canadian economy is having a poor first half, but no need to lower rates as they feel things will improve in the second …
