July 26, 2011...
Canadian Bank Prime Rate is currently 3.00%.
CanEquity Mortgage is offering 3.64% APR on a 5 year fixed closed mortgage.
The Toronto Stock Exchange (TSX) was down 135.39 points closing at 13,300.56.
Canadian/US Dollar Exchange Rate rose 34 points to close at 106.07 USD.
Ted, looks the Canadian dollar versus the US is really reacting to our government silliness!!! Good for you, not so good for us!!
The very low interest rates are wonderful for summertime home purchases. Canadians are taking advantage of the market by buying second homes and retirement properties in the U.S. sunbelt states.
Blooming for home buyers!
Juli, yes, but it's not good for our manufacturers to have the Canadian dollar so high.
Roy, buyers in this town seem to be waiting for you folks to make a decision abouot your debt payment problem. We are affected by what the US does in many ways.
Gorgeous orchids, by the way.
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