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18 March 2009
Banks begin to decline federal aid in first sign of recovery
Credit conditions easing, banks no longer struggling to raise funds to make loans TARA PERKINS © The Globe and Mail Tuesday, March 17, 2009 Canadian banks are turning down some of the funding that the government is making available to them, a sign Read More...
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15 February 2009
Canadian economy and the banking system
Ed note: It is nice to hear the Americans commending Canada for a job well done when it comes to the financial sector. NEWSWEEK - From the magazine issue dated Feb 16, 2009 The legendary editor of The New Republic, Michael Kinsley, once held a "Boring Read More...
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16 November 2008
Government of Canada Announces Additional Support for Canadian Credit Markets
Toronto, November 12, 2008 Related Documents: Backgrounder Term Sheet The Honourable Jim Flaherty, Minister of Finance, today announced the Government will purchase up to an additional $50 billion of insured mortgage pools by the end of the fiscal year Read More...
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22 April 2008
Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent
OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 1/4 Read More...
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14 March 2008
Home affordability at worst point since 1990: RBC
Housing affordability in Canada ended last year at its lowest level since 1990, Royal Bank said Friday. In its quarterly outlook on the cost of owning a home, the bank said affordability eroded in every quarter of 2007 as house prices rose on the strength Read More...
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03 March 2008
How low will Bank of Canada rate go? Half-point cut expected on U.S. slowdown
ERIC BEAUCHESNE NEWS CANWEST SERVICE OTTAWA It’s no longer a question of to cut or not to cut for the Bank of Canada, but of how low will it go. Canadians will find out Tuesday. With analysts agreeing, and Mark Carney, the new governor of the central Read More...
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