bank of canada: TO BUY OR NOT TO BUY?!! - 09/22/09 10:20 AM
      Is now a good time to buy? On the one hand you have very low mortgage rates as the Bank of Canada (Canada Realty News reports) had cut the interest rate several times in the last few months to try and get the banks lending again. Property prices have dropped in the last year and there are many good deals to be made.
      On the other hand, there is still the question whether housing market prices will hold or drop further. Potential buyers are wary about taking on such a huge borrowing to find that the dream house they have just … (0 comments)

bank of canada: Bank of Canada Rate Cut - 01/25/08 06:48 AM
The Bank of Canada cut interest rates for the second time in two months by 0.25% and strongly signalled that it may cut rates further noting that "further monetary stimulus is likely to be required in the near term". Despite speculation in the press that the banks may not match a rate cut, the major banks promptly lowered their prime rate by 25 basis points to 5.75%.
Toronto Star Analysts say further domestic rate relief is likely needed to shield Canada from the threat of U.S. recession. Premier Dalton McGuinty tried to bolster Ontarians' confidence, telling reporters that experts advising his government … (0 comments)