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Bank of Canada Holds Rates

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 recovery is proceeding at a somewhat faster pace than...

MBABC Responds to New Mortgage Rules

Finance Minister Flaherty’s announcement this morning of tighter mortgage rules continues to emphasize mortgage debt as the culprit for record levels of household debt. However, these changes affect high ratio mortgages only, a very small part of the mortgage market....

News Wrap

CAAMP Consumer and Industry Perceptions report released CAMMP releases the results of a survey which included mortgage-holders, renters and those in the industry. Read More: Paying down debt and planning for retirement top the list of current financial priorities for...