December 5, 2018
The Bank of Canada (BOC) kept rates on hold today given the impact that falling oil prices, slowing global growth and stabilizing housing markets are having […]
October 24, 2018
As expected the Bank of Canada (BOC) increased the prime lending rate today by 25bps. That means prime is now 3.95% or slightly higher, depending on […]
September 25, 2018
In my last blog post titled Credit, Income, Net Worth – What’s Most Important to Lenders – I touched on how the new mortgage rules have […]
September 21, 2018
With the significant changes in the mortgage rules since 2016, I thought it would be a good idea to go back to the basics and talk […]
September 5, 2018
To the surprise of 50 per cent of economists, the Bank of Canada (BOC) left the prime rate unchanged today. Two key factors kept the bank […]
July 11, 2018
The Bank of Canada (BOC) increased the prime rate by 25bps today which means prime will now be 3.7% with most lenders by the end of […]
May 30, 2018
As anticipated the Bank of Canada ( BOC ) left rates unchanged today. Though gasoline prices have turned up the heat on the inflationary stove, the […]
April 19, 2018
The Bank of Canada (BOC) left the prime rate unchanged today. Which means the prime is 3.45% with most institutions, or 3.6% if you bank with […]
March 7, 2018
The Bank of Canada (BOC) left the prime rate unchanged today. Which means the prime is 3.45% with most institutions, or 3.6% if you bank with […]
January 17, 2018
The Bank of Canada (BOC) increased the prime lending rate today by 0.25%, meaning the prime rate by the end of business today should end up at 3.45% unless you […]