Bank of Canada hikes key rate by half percentage point, signals possible pause
Ottawa: Bank of Canada (Photo: Wladyslaw via Wikimedia Commons) OTTAWA – The Bank of Canada hiked its key interest rate by half a percentage point Wednesday to 4.25 per cent – the highest it’s been since January 2008 – […]
Read More about Bank of Canada hikes key rate by half percentage point, signals possible pauseOntario won’t allow homes to be built on floodplains, Ford says after fed warning
CLARINGTON, Ont. – Ontario has no plans to allow homes to be built on floodplains, Premier Doug Ford said Friday after the federal environment minister warned Ottawa would not provide disaster compensation where development is […]
Read More about Ontario won’t allow homes to be built on floodplains, Ford says after fed warningSmith Financial to buy Home Capital Group as mortgage industry under strain
TORONTO – Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising […]
Read More about Smith Financial to buy Home Capital Group as mortgage industry under strainB.C. government to bring in rental changes, supply laws to boost housing
VICTORIA – The British Columbia government has introduced sweeping changes to boost the housing supply, and while local governments say they want to do their part, they’re concerned about effects the laws will have on […]
Read More about B.C. government to bring in rental changes, supply laws to boost housingLong term rate hikes effects will be ‘more powerful’ than people think: Poloz
OTTAWA – The full effects of interest rate hikes have yet to be felt – and will be “even more powerful” than many anticipate, said former Bank of Canada governor Stephen Poloz Thursday in a speech about ways Canada can chart a path […]
Read More about Long term rate hikes effects will be ‘more powerful’ than people think: Poloz