Category Archives: Home Finance

The Bank of Canada has begun to tighten their monetary policy with a 25 basis point hike, increasing the overnight target rate to 0.50%. This move was expected due to the strong Q1/2010 GDP performance. The text of the announcement highlighted Canada’s strong performance, noting the robust first quarter growth and employment growth resumption. It […]

Federal Finance Minister Jim Flaherty announced three new rule changes connected to government-backed insured mortgages.  These changes have been anticipated and many lenders had already put them into practice.  They become mandatory on April 19th, 2010. The first relates to higher qualification rates. Since interest rates are at an all time low, there’s been some […]