Learn more about Canada’s top banks rates, rules and the latest news – read on!
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Now’s not the time to switch to a fixed-rate mortgage Apr 18th
The Bank of Canada’s April 13 interest rate hike of 0.5%—the biggest one-time rate jump in decades—caught many variable-rate mortgage holders off guard. Some are likely thinking about running to their local bank branch or mortgage specialist to lock into a standard five-year fixed rate. Those .... More »
Interest rate hike could mean trouble for some + MORE Sep 14th
TORONTO – A report by TransUnion says up to one million Canadian borrowers may not be able to absorb the increase in their monthly payments if interest rates rise by one full percentage point.
The company says that while the majority of Canadians will not be materially impacted in the near term by.... More »
6 times when a GIC is a smart investment choice + MORE Mar 10th
A guaranteed investment certificate (GIC) may seem like your grandfather’s kind of savings product. After all, his generation was fond of similar investment tools, like government savings bonds and treasury bills, and benefited from periods where interest rates were high enough to make these low-r.... More »
The best GIC rates in Canada for 2024 + MORE May 21st
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The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The close: TSX at 3-week high as oil boosts energy stocks Mar 28th
Wall Street lifted by consumer data; banks, energy lead
.... More »
China inflation up 1.9 per cent in June, slowest in 6 months
– canadianbusiness.com
BEIJING, China – Chinese government data showed consumer prices in June rose at the slowest pace in six months, suggesting the world’s second-largest economy is still experiencing weak consumer demand amid a broad downturn.
The National Bureau of Statistics said Sunday China’s consumer price index (CPI) rose 1.9 per cent in June from a year earlier.
Although the rate was slightly above analyst expectations, it remained far below the 3 per cent target set by Chinese officials for 2016 and offers the central bank flexibility to enact a new round of monetary stimulus that some economists have called for.
The People’s Bank of China has kept interest rates at record lows since October, when it also removed a deposit-rate ceiling for banks and lowered their reserve requirements to stimulate lending and growth.
Tame inflation rates could spur the PBOC to make additional moves this year to meet Chinese leaders’ 2016 GDP growth target of 6.5 per cent to 7 per cent, the lowest rate in a quarter century…
The National Bureau of Statistics said Sunday China’s consumer price index (CPI) rose 1.9 per cent in June from a year earlier.
Although the rate was slightly above analyst expectations, it remained far below the 3 per cent target set by Chinese officials for 2016 and offers the central bank flexibility to enact a new round of monetary stimulus that some economists have called for.
The People’s Bank of China has kept interest rates at record lows since October, when it also removed a deposit-rate ceiling for banks and lowered their reserve requirements to stimulate lending and growth.
Tame inflation rates could spur the PBOC to make additional moves this year to meet Chinese leaders’ 2016 GDP growth target of 6.5 per cent to 7 per cent, the lowest rate in a quarter century…
