Highlights / lending

Economy, International

Bank rate Canada: steady as she goes

Saying its October predictions for global economic growth held, and that the global economy seems to be stabilizing, Canada’s central bank continued to buck the international and did not change its rate this week. The bank announced yesterday that the »

Economy, Politics

Bank of Canada holds its lending rate steady

Unlike other countries like the U.S. which has cut lending rates, Canada’s central bank today announced it would hold steady and maintain its lending rate at 1.75% in spite of a worldwide weakening of global economy.  Indeed, since the last »

Economy, Society

Interest rates: Canadians living too close to the edge

A million Canadians are living on borrowed time, and borrowed money. A new survey shows a mere 0.25 percent increase in lending rates would push some 700,000 Canadians into a financial squeeze. Increase the lending rate by one full point, »