Flaherty: loonie will stay at par with U.S. thanks to “sound” fiscal situation   By Lee-Anne Goodman, The Canadian Press   WASHINGTON – The Canadian loonie will hover at parity with the U.S. dollar for some time to come, and deservedly so thanks to Canada’s economic strength, Finance Minister Jim Flaherty said Wednesday.   […]

Home-equity loans surge twice as fast as mortgage growth: BoC Paul Vieira, Financial Post · Monday, Jan. 10, 2011 OTTAWA — Home-equity lines of credit surged 170% over the past decade, or twice the rate of mortgage growth, a Bank of Canada deputy governor said Monday as she acknowledged keeping interest rates low “create their […]

  Housing market should be resilient in 2011 thanks to low interest rates: LePage   Sunny Freeman, The Canadian Press   TORONTO – The Canadian real estate market will follow a similar pattern this year as that seen in 2010 as buyers pull sales forward into the early months in anticipation of higher interest rates, […]

Canada Housing Trust reduces sales of mortgage bonds | Friday, 24 December 2010  courtesy of mortgage trends With the country’s second largest debt issuer reducing mortgage bond sales this year and looking to continue the trend next year, mortgages for consumers may become more expensive.   Canada Housing Trust, the financing arm of the nation’s […]

  B.C. home sales rose 20 per cent in November from the previous month on a seasonally adjusted basis, reported the British Columbia Real Estate Association (BCREA).   “Improved economic conditions and low mortgage interest rates have contributed to a 46 per cent increase in home sales since July,” said Cameron Muir, BCREA chief economist. […]

Finance Minister Jim Flaherty warned again on Monday the government could tighten mortgage rules further if needed, after a report showed the country’s household debt levels have soared.   “As I’ve said before, if necessary, we will tighten the mortgage rules again. We keep an eye on the level of credit,” he told reporters.   […]

Watch out for rising debt levels, bank warns By Michael Lewis | Thu Dec 9 2010 As shoppers cram the malls this holiday season, the Bank of Canada has a Scrooge-like warning for consumers: Step away from the credit card and think about your ability to pay if borrowing costs rise or you lose your […]

OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery is proceeding largely as expected, although risks have increased. As anticipated, private […]

<http://www.financialpost.com/news/business-insider/China+reveals+secret+gold+hoard/3917975/story.html> Early this year, people speculated that China, which does not regularlyreveal gold data, was a key force driving the market higher this year<http://www.businessinsider.com/is-china-secretly-stealth-buying-gold-2010-6> . It turns out they are.                       The Shanghai GoldExchange revealed today it had imported nearly 500% more gold in thepast ten […]

The Canadian Press, 2010  OTTAWA – The federal bankruptcy office saysmore Canadian households and businesses became insolvent in Septemberthan in the month before. The office says bankruptcies rose 9.6 per cent– 9.9 per cent for consumers – in September from the August numbers. Insolvencies, which combine bankruptcies and proposals to refinancedebt, rose 7.6 per cent […]