bank of canada: Is it too late to refinance your mortgage?
- 07/13/09 01:56 PM
"The days of ridiculously cheap mortgage rates appear to be over. Now they're just cheap. A sudden and dramatic jump in rates from Wednesday to Thursday means Canadians looking to break their existing mortgage and refinance at a lower rate may have missed the sweetest spot in recent history. But that doesn't mean people can't still trim their payments. "We are not going to see these rates again for a while, not in the immediate horizon and maybe never," says Gary Siegle, a Calgary-based manager at mortgage broker Invis. "But rates are still at historical lows. Depending on what your penalties … (0 comments)
bank of canada: Making Sense of Recent Financial Events
- 07/13/09 01:41 PM
Great article that was published today from TD Economics, Enjoy! There has been widespread talk of "green shoots" and considerable swings in financial markets with rallying equities, a strengthening Canadian dollar and significantly higher bond yields. To make sense of this, we talked to Craig Alexander, Vice President of TD Economics who gave us the scoop. So Craig, what are these green shoots we keep hearing about? "The term green shoots refers to the recent signs that suggest an economic recovery is on the horizon," says Craig. "To be clear, the economic data are still negative, as they continue to show … (0 comments)
bank of canada: Canadian banks ranked soundest in the world
- 10/09/08 04:49 PM
Canada has the world’s soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as a financial crisis and bank failures shake world markets. Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru, after its government pledged the equivalent of $97 billion Cdn this week to bolster bank balance sheets. The United States, where some of Wall Street’s biggest financial names have collapsed in recent weeks, rated only 40th, just behind Germany, at 39th, and smaller states such as Barbados, Estonia and … (0 comments)
"The days of ridiculously cheap mortgage rates appear to be over. Now they're just cheap.
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