BY NEWS STAFF Posted Apr 15, 2020 6:45 am MDT Last Updated Apr 15, 2020 at 8:28 am MDT OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, saying this morning that it is effectively as low as it can go to combat the economic impacts of COVID-19. The central bank … Read More
BY THE CANADIAN PRESS AND RICHARD DETTMAN Posted Mar 27, 2020 7:10 am MDT Last Updated Mar 27, 2020 at 8:28 am MDT OTTAWA – The Bank of Canada has made its second emergency interest rate cut this month, lowering its benchmark rate by half a point to 0.25 per cent, due to COVID-19. In a statement on its website, the … Read More
Rate cut comes on top of previous 50-point cut last week Pete Evans · CBC News · Posted: Mar 13, 2020 2:20 PM ET | The Bank of Canada has made an unexpected rate cut, cutting the central bank’s benchmark interest rate by 50 basis points to 0.75 per cent. The central bank already cut its rate to 1.25 per cent at a previously … Read More
BY THE CANADIAN PRESS Posted Mar 4, 2020 8:17 am MST Last Updated Mar 4, 2020 at 9:23 am MST OTTAWA – The Bank of Canada is cutting its key interest rate target by half of a percentage point, dropping it to 1.25 per cent in response to the economic shock from the novel coronavirus outbreak. The central bank says its target for … Read More
BY THE CANADIAN PRESS Posted Jan 16, 2019 3:09 pm MST TORONTO — Royal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent. Mortgage rate comparison website founder Robert McLister says RBC is the first of the Big Six banks to cut its advertised five-year fixed rate after … Read More
JOSH SKAPIN, CALGARY HERALD Published on: May 7, 2017 | Last Updated: May 7, 2017 1:18 PM MDT There were 68 more single-family homes sold through Calgary’s resale market in April than the same month in 2016. This marked a six per cent increase to 1,204 transactions from 1,136 a year ago, says the Calgary Real Estate Board. April was the … Read More
Outside forces like U.S. interest rate hikes and foreign buyers play important role By Don Pittis, CBC News Posted: Dec 29, 2016 5:00 AM ET Last Updated: Dec 29, 2016 5:00 AM ET Whether you are looking to buy or deciding if this is the year to sell, the question on many minds both at home and abroad is, “Will Canadian … Read More
JOSH SKAPIN, CALGARY HERALD Published on: September 16, 2016 | Last Updated: September 17, 2016 9:14 AM MDT Following declines in early 2016, new construction of single-family homes in recent months has been flat with activity from a year earlier. Between Jan. 1 and the end of August, shovels turned for 2,124 single-family homes in the Calgary census metropolitan area, … Read More
GORDON ISFELD, FINANCIAL POST 05.24.2016 OTTAWA — The head of the Bank of Canada is nothing if not patient. With the economic adjustment to the oil-price collapse “proving to be uneven” — and output further hampered by the Alberta wildfires — governor Stephen Poloz is still managing to hold the line on expectations, and interest rates. On Wednesday, Poloz and … Read More
Broker says doing nothing just makes the problem worse CBC News Posted: May 03, 2016 7:25 AM MT Last Updated: May 03, 2016 10:19 AM MT A financial institution in southern Alberta is seeing an increase in the number of people who are unable to make their mortgage payments and are looking for help. Keith Richard, chief risk officer for … Read More