Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Which Canadian bank has the right pitch to millennials? Aug 26th
When it comes to digital banking, there’s now a stark split in tactics among the Big Five banks
.... More »
The close: TSX falls as BMO earnings weigh on banks May 24th
S&P 500 closes at record following Fed minutes
.... More »
The Fed's Obama-Era Hangover Jan 2nd
By paying banks not to lend, the central bank diminished its ability to control interest rates..... More »
What Canadian investors can learn from the BlackBerry story + MORE Nov 10th
If you missed the acclaimed movie BlackBerry in theatres, it’s airing on CBC and streaming on CBC Gem as a three-part series—with additional scenes—beginning November 9. The limited series chronicles the making and unmaking of Canada’s global technology champion of the early 21st century. En.... More »
India’s central bank cuts key lending rate to 6.25 per cent + MORE Oct 4th
NEW DELHI – India’s central bank cut its key interest rate by a quarter of a percentage point Tuesday, taking rates to the lowest they have been since late 2010.
The announcement by the Reserve Bank of India reduced its repo rate to 6.25 per cent. This is the rate at which the central ba.... More »
Will Rising Global Bond Yields Mean Higher Mortgage Rates?
– ratesupermarket.ca
Canadians have enjoyed particularly low fixed mortgages rates for several years now, and they have the bond market to thank. As the bond market and fixed rates have a close relationship, historically-low yields have allowed banks to offer rock bottom pricing. In some instances, fixed rates have been priced as low as variable rates which, because they follow the Bank of Canada’s overnight lender rate, are typically much cheaper than the fixed variety.
But the days may be numbered for great fixed-rate discounts, as bond yields are rising around the globe. Experts are predicting fixed mortgage rates will be soon to follow.
Why is this occurring – and what can prospective mortgage borrowers expect? Here’s our breakdown.
What’s Happening to Bonds?
Bond investors are selling their bonds off around the world, causing prices to slump and yields to soar. There are a number of different reasons behind this trend:
In Europe, German bonds are slumping due to a continent-wide sell off…
First defendant in Libor scandal faces jury trial in London
– theglobeandmail.com
The trial in London marks a new phase in a seven-year, global inquiry that has culminated in banks and brokerages paying
Will Rising Global Bond Yields Mean Higher Mortgage Rates?
– ratesupermarket.ca
Canadians have enjoyed particularly low fixed mortgages rates for several years now, and they have the bond market to thank. As the bond market and fixed rates have a close relationship, historically-low yields have allowed banks to offer rock bottom pricing. In some instances, fixed rates have been priced as low as variable rates which, because they follow the Bank of Canada’s overnight lender rate, are typically much cheaper than the fixed variety.
But the days may be numbered for great fixed-rate discounts, as bond yields are rising around the globe. Experts are predicting fixed mortgage rates will be soon to follow.
Why is this occurring – and what can prospective mortgage borrowers expect? Here’s our breakdown.
What’s Happening to Bonds?
Bond investors are selling their bonds off around the world, causing prices to slump and yields to soar. There are a number of different reasons behind this trend:
In Europe, German bonds are slumping due to a continent-wide sell off…
Putin expects economic sanctions against Russia to be lifted, encourages businesses to expand
– canadianbusiness.com
MOSCOW – Russian President Vladimir Putin has encouraged businesses to expand domestically before Western nations lift economic sanctions, allowing once again the sale of many foreign goods in Russia.
Russia’s economy is expected to contract 3.8 per cent this year in the World Bank’s estimates, battered by the sanctions and capital outflows.
Speaking at a business forum Tuesday, Putin called on businesses to expand until the sanctions are lifted. Putin mentioned that some Western nations “are beginning to see the light” but he didn’t say what his hopes were based on.
The main EU sanctions, which have hit Russian banks and oil companies and have banned arms exports and the export of dual-use goods, are in place through July. Russia has responded by banning some Western goods, like agricultural imports from the EU.
The post Putin expects economic sanctions against Russia to be lifted, encourages businesses to expand appeared first on Canadian Business – Your Source For Business News.
Russia’s economy is expected to contract 3.8 per cent this year in the World Bank’s estimates, battered by the sanctions and capital outflows.
Speaking at a business forum Tuesday, Putin called on businesses to expand until the sanctions are lifted. Putin mentioned that some Western nations “are beginning to see the light” but he didn’t say what his hopes were based on.
The main EU sanctions, which have hit Russian banks and oil companies and have banned arms exports and the export of dual-use goods, are in place through July. Russia has responded by banning some Western goods, like agricultural imports from the EU.
The post Putin expects economic sanctions against Russia to be lifted, encourages businesses to expand appeared first on Canadian Business – Your Source For Business News.
