news: Lethbridge Mortgage Blog -- Consumers Beware - Your Line of Credit may be Rising
- 02/27/09 06:58 AM
If you happen to hold an unsecure line of credit with a Canadian financial institution, you may be receiving some troublesome news - payments and interest could be on the rise. This increase is not due to the Bank of Canada raising the Prime rate however. Several of the major financial institutions in Canada are concerned that their earnings may be affected by the historically low interest rates that exist in the marketplace at present and are taking it upon themselves to change things, by increasing their own rates. TD Canada Trust sent out a wave of letters to customers that … (4 comments)
news: Canadian Govt considering offering tax credit for home renovations
- 01/15/09 04:07 AM
Interesting news today that the Harper government has been floating the idea of a tax credit for home renovations. The thinking is this type of incentive could provide a significant stimulus for Canada's floundering residential construction industry. The idea also could serve as a significant boost to the much needed lumber and forestry sectors that have experienced major declines in demand since the US housing crisis and worldwide economy downturn over past 2 years. From todays Report on Business (globeandmail.com) Deliberations continue as Canada's premiers meet today in Ottawa to put the final touches on a budget request for Prime Minister Stephen … (0 comments)
news: Elk Valley Avalanche - A terrible tragedy for an amazing community
- 12/30/08 04:11 PM
Thoughts and prayers to friends and family members of the eight victims of the Avalanche near my hometown of Fernie B.C.. Due to the relatively small population of Fernie and Sparwood, these men were known throughout the valley. Several of my friends and their families have been directly affected by this tragedy. I happened to know one of the victims personally, having played hockey with him throughout my teen years. It's been several years since I've seen him but I can say that he was a awesome guy and great team-mate. One of the fastest skaters around! To everyone affected by this act … (0 comments)
If you happen to hold an unsecure line of credit with a Canadian financial institution, you may be receiving some troublesome news - payments and interest could be on the rise. This increase is not due to the Bank of Canada raising the Prime rate however. Several of the major financial institutions in Canada are concerned that their earnings may be affected by the historically low interest rates that exist in the marketplace at present and are taking it upon themselves to change things, by increasing their own rates.
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