Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Where to open an RESP + MORE Nov 6th
Emily Johnson-Belloto & William (Photograph by Richard Lam)
Q: I’m planning on opening an RESP for my son William. Should I just open one at my bank? I’m not sure what distinguishes one bank’s offering from another’s.—Emily Johnson-Bellotto, Montreal
A: Your son is unlikely to thank yo.... More »
It’s Never Too Early to Think about Holiday Shopping Sep 23rd
While it may seem a bit early – especially if you’re still basking in the neverending summer heat in Southern Ontario – now is the time that retailers really start thinking about the holidays.
Whether looking at November’s Cyber Monday or the big Christmas push, smart merchants .... More »
The best credit cards in Canada for 2024 Mar 7th
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The best credit cards in Canada for 2024
Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport access, we can help.
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Deep-value stocks on the verge of a turnaround? + MORE Oct 1st
Many investors are getting reacquainted with that panicky feeling they felt back in 2008. One type of investor, though, may be welcoming the correction. Deep-value buyers—people who look for stocks that are trading at a large discount to what they appear to be really worth—have had a rough go ov.... More »
Slow growth, rising expenses forcing banks into cost-cutting action + MORE Dec 5th
Financial stocks fall as CIBC, TD report expense growth that outpaces revenues; TD cites need to ‘increase efficiency’
.... More »
What’s Behind the Government Bond Yield Spike?
– ratesupermarket.ca
It seems the “race to the bottom” days are a thing of the past for mortgage rates, as bond yields remain at yearly highs – hitting a 52-week peak of 1.92 per cent. It’s a contributing factor to the fixed mortgage rate increases we’ve seen from various lenders over the past few weeks – and the upward trend doesn’t look to be easing soon. This is leading to fears of a renewed financial crisis as the pressure of higher yields is felt in markets worldwide.
How Do Bond Yields Affect Fixed Mortgage Rates?
Government bond yields have a negative relationship with investor interest: when many investors are buying bonds, they push up the bond prices, and yields decrease as a result. The opposite occurs when investor interest is low, which in turn increases the cost of funding fixed mortgages for banks, who respond by increasing their mortgage rates.
Why Are Bond Yields So High?
While Canadian bonds and rates are affected, new economic developments in the U.S. are actually behind the increase of government bond yields on a global scale…
What’s Behind the Government Bond Yield Spike?
– ratesupermarket.ca
It seems the “race to the bottom” days are a thing of the past for mortgage rates, as bond yields remain at yearly highs – hitting a 52-week peak of 1.92 per cent. It’s a contributing factor to the fixed mortgage rate increases we’ve seen from various lenders over the past few weeks – and the upward trend doesn’t look to be easing soon. This is leading to fears of a renewed financial crisis as the pressure of higher yields is felt in markets worldwide.
How Do Bond Yields Affect Fixed Mortgage Rates?
Government bond yields have a negative relationship with investor interest: when many investors are buying bonds, they push up the bond prices, and yields decrease as a result. The opposite occurs when investor interest is low, which in turn increases the cost of funding fixed mortgages for banks, who respond by increasing their mortgage rates.
Why Are Bond Yields So High?
While Canadian bonds and rates are affected, new economic developments in the U.S. are actually behind the increase of government bond yields on a global scale…
Avi Jorisch: Despite Sanctions, Iran's Money Flow Continues
– online.wsj.com
It’s time for the Swift global financial network to cut off service to all of Iran’s banks, not just 14.
