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Reserve Open Market Committee Announcement - September 18,
To the surprise, and delight, of financial markets, the US
Federal Reserve's Open Market Committee (FOMC) opted not to taper its purchases
of long-term US Government bonds citing continued headwinds from fiscal policy
as well as tightening financial ...
Most Canadian mortgage lenders fund some portion of
their mortgage lending using CMHC's National Housing Act Mortgage Backed
Securities (NHA MBS). That is, cash flows from mortgages are aggregated into
investment securities and then sold to investors through a process called
securitization. Payments from these mortgage backed ...
Following the US Federal Reserve Open Market
Committee's two day meeting, Fed Chair Ben Bernanke surprised markets by
suggesting that bond purchases under the Fed's quantitative easing program could
be tapered as early as this fall and perhaps eliminated midway through 2014. The
market reaction was immediate and dramatic with ...
US Federal Reserve Announces Third Round of Quantitative Easing -
September 13, 2012
In a widely anticipated move, the US Federal
Reserve announced today that it will conduct a third round of
quantitative easing (QE). The primary difference between QE3 and the Fed's
previous two quantitative easing programs is that QE3 asset ...
Bank of Montreal economists say yes
By Julian Beltrame, The Canadian Press | March 23, 2012
- The days of super-low mortgage rates that made home ownership dreams a
reality of many Canadians may be numbered, says the Bank of Montreal.
The bank's advice? Say goodbye to variable mortgages and lock in ...
It seems that everyone is throwing their hat into the interest rate prediction ring these days.
BMO has issued a new report on the expectations for interest rates in
the near future, drawing fuel from all the recent economic data
suggesting that the Canadian economy is poised to grow, and has great
potential- even to outperform ...
TORONTO, June 2, 2011
After another reprieve from the Bank of Canada for an interest rate
rise, there is much talk amongst Canadians about whether or not variable
rate or fixed rate mortgages are the way to go.
CIBC recently conducted a poll which indicated that most Canadians are
split on whether or variable or a fixed rate is the ...
Aware of all the potential changes that are coming in the next few weeks and a strong realization of the material impact that they could have on the mortgage marketplace, there is great focus on and conversation about what mortgages should look like now and what the wise choices for consumers are. Knowing that the odds are heavily stacked for a ...
This week CMHC has taken a stand, reacting to weeks of buzz and criticism after the release of a report by CD Howe which recommended that government involvement in mortgage insurance be scaled back and that more private players be invited onto the field.
The argument is, that in light of the recent recession and lessons learned from the US ...
Since October 2009, the Government of Canada has been systematically tightening mortgage financing regulations for all federally regulated lenders. The changes have been made in order to ensure that Canadians are prepared for higher interest rates in the future by not taking on too much debt, which will improve ...
OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.
Recent indicators point to the start of a global recovery from a deep, synchronous recession. Global economic and financial developments have ...
Paul Vieira, Financial Post, with files from Reuters
Published: Monday, September 28, 2009
OTTAWA -- Governments will be required to undertake "concerted" and "sharp" efforts to restore fiscal sustainability once a market-led recovery is assured, Bank of Canada governor Mark Carney said Monday.
This will ...
Credit conditions easing, banks no longer struggling to raise funds to make loansTARA 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 that they are recuperating from the financial crisis.
The banks have stopped selling the ...
In recent weeks, there have been numerous articles in the national media on the state of the Canadian mortgage industry. Issues regarding the impact of longer amortizations and a perceived failure to anticipate the effects of various mortgage products have been at the forefront.
All Canadians Should Be Aware Of The Following Important ...
Economic crisis, turmoil, political upheaval... we thought you could use a little good real estate related market news!
In a further attempt to get the economy moving, the Bank of Canada announced a .75% decrease to their overnight rate this morning, the lowest since 1958. This usually translates to an immediate move by the banks to match the ...
Two Canadian banks did their bit to unclog the country's constricted housing market Wednesday by cutting mortgage rates.
The Royal Bank of Canada and the Bank of Montreal both chopped borrowing costs for people seeking to buy a home.
RBC cut its mortgage rates by one-quarter of a percentage point for most of its loans with terms ranging from ...
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent.
Three major interrelated developments are having a profound impact on the Canadian ...
Canadian banks are trying to convince consumers to lock in their mortgage rates because more than 20% of the home loans they have negotiated have become unprofitable, according to industry sources.
The credit crunch is affecting the cost of mortgages
The push has come after the banks cut the discount they offered to consumers with variable-rate ...