What mortgage rules? + MORE Jul 9th

The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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CTV NewsCaptain tells how rogue boat bucked him overboardCBC.caThe captain of a modified boat that required police rescue when it went out of control tells CBC it was a love of speed that did him in. David McCarthy was competing in the Boat Race at the Pictou Lobster Carnival when he and his crewmate sailed into trouble.Diary of a bad day for Pictou boat racersTheChronicleHerald.caFisherman, two RCMP officers, credited with averting tragedy at N.S. boat raceMetroNews CanadaWATCH: RCMP credit quick response in gaining control of runaway boatglobalnews.caSou’Westerall 7 news articles »

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What mortgage rules?

– moneysense.ca

It’s been one year since the federal government last tightened mortgage lending rules in this country and a recent poll for BMO suggests the majority of potential homebuyers have not been affected. One-in-five (19%) however did say the changes (including maximum amortization of 25 years and loans limited to 80% of the property value for insured borrowers) have prompted them to wait longer to buy. The report also found the average amount first-time home buyers plan to spend is approximately $300,000, with an average down payment amount of $48,000 or 16%.
Is the lowly loonie putting a damper on your vacation spending plans? CIBC expects the Canadian dollar to be back at parity with the U.S. greenback by the end of 2014.
The U.S.-based National Foundation for Credit Counseling is trying to rid the word “budget” of its negative connotations after a website poll revealed that 57% of respondents misunderstand the purpose of a budget, viewing it as a restriction on their spending…

Continue Reading On moneysense.ca »

CTV NewsCaptain tells how rogue boat bucked him overboardCBC.caThe captain of a modified boat that required police rescue when it went out of control tells CBC it was a love of speed that did him in. David McCarthy was competing in the Boat Race at the Pictou Lobster Carnival when he and his crewmate sailed into trouble.Diary of a bad day for Pictou boat racersTheChronicleHerald.caFisherman, two RCMP officers, credited with averting tragedy at N.S. boat raceMetroNews CanadaWATCH: RCMP credit quick response in gaining control of runaway boatglobalnews.caSou’Westerall 7 news articles »

Continue Reading On Cbc.ca »

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