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News Wrap | Scott Dawson
(778) 668-9320 [email protected]

Bank of Canada rate bump not necessarily a harbinger of hikes to come

On the same day the Bank of Canada bumped its key lending rate up, a major chartered bank edged a key mortgage rate down, moves that reflected the continuing uncertainty in world financial markets. Read more:

House prices to fall in 2011: economists

The once white hot resale housing market is cooling significantly and prices should remain flat the rest of this year and fall in 2011, economists say. Read more:

Canada Dollar Trades Near 2-Week High on Stocks, Rate Increase

Canada’s currency traded near the strongest level in more than two weeks as gains in crude oil, the nation’s largest export, and stock-index futures helped sustain momentum from an interest-rate increase two days ago. Read more: