Blog
Flaherty rules out mortgage rule tightening
2011-10-13 | 14:20:46
Finance Minister Jim Flaherty dismissed speculation about a Canadian housing bubble, telling reporters in New York on Wednesday that he sees no need to tighten the country’s mortgage rules further."We have seen in the past year some softening...read moreLatest on the Canadian economy
2011-10-13 | 12:20:36
Article by Benjamin Tal, Deputy Chief Economist, CIBC World Markets Accidents can happen to any economy. Temporary troubles in energy and autos hit exports hard during the second quarter, which was enough to push Canada’s Gross Domestic...read moreEconomic update
2011-09-13 | 11:32:32
The past several days have seen the release of more poor economic data as well as negative developments in the ongoing European debt saga.Canada's employment report for August (released Friday) was disappointing - a rise in the unemployment rate and...read moreYields Crash, Lower Fixed Mortgage Rates Coming
2011-08-03 | 15:20:36
The 5-year bond yield has nose-dived 16 bps today, crashing through “support” at 2.00%. It’s the biggest plunge in yields since March 2009.As of this writing, the 5yr GoC sits at 1.87%—seemingly en route to its 28-month low of...read moreBank of Canada maintains overnight rate target at 1 per cent
2011-07-19 | 11:56:05
Ottawa-The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.The global economic expansion is proceeding broadly...read moreBank of Canada holds rate steady
2011-04-12 | 10:27:52
CBC NewsThe Bank of Canada kept its benchmark lending rate unchanged at one per cent in its latest decision on Tuesday.The Bank of Canada has opted to leave the country's key lending rate unchanged at one per cent. (Adrian Wyld/The Canadian Press...read morenext »