Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010 OTTAWA — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is […]

The Bank of Canada kept its benchmark lending rate at 0.25 per cent Tuesday, reiterating its conditional commitment to hold rates steady until the middle of 2010. Although it held the overnight lending rate steady, the bank did acknowledge that the recovery appears to be proceeding at a better pace than it was anticipating. “While […]

Jan. 18 (Bloomberg) — The Bank of Canada will probably keep its benchmark interest rate at a record low tomorrow and repeat a pledge to leave it unchanged through June. The target rate for overnight loans between commercial banks will remain at 0.25 percent, where it’s been since April, according to all 26 economists surveyed […]

TORONTO — Record home sales last month are based on low supply and high demand and are more likely to drop off this year than inflate a housing bubble that could threaten a fragile recovery, economists say. A Canadian Real Estate Association report released Friday said December and the 2009 fourth quarter were the best […]

OTTAWA — Canada believes time is running out for meaningful reforms to the world financial system to avert future economic meltdowns and will push for movement on the issue at next month’s G7 finance ministers meeting in Iqaluit. Canadian officials briefing reporters on what is likely to be the most unusual G7 meeting ever say […]

  By Joe McDonald  BEIJING — China took new steps Tuesday to control bank lending, ordering institutions to set aside more reserves in a move to avert a surge in credit that Beijing worries might fuel inflation or asset price bubbles. China’s nascent rebound from the global crisis was fuelled by a flood of lending […]

Canada falls back into trade deficit as dollar, low demand stalls exports Julian Beltrame, THE CANADIAN PRESSThe Canadian Press, 2010 OTTAWA – Canada was pulled back into a trade deficit in November as the country faced twin headwinds of both a strong loonie and weaker demand for exports, after a surprisingly strong performance the previous […]

Response to the Strata Property Act Amendments Concerning Rentals Announcement     January 12, 2010       Good morning,       We have had several questions to our recent email regarding the recent changes to the Strata Property Act and rental units.  Below is a summary of the questions and our answers.       […]

Having trouble viewing this email? Click here     January 2010   Angela CallaDominion Lending CentresPhone: (604) 802-3983Cell: Fax: E-mailWebsite   DID YOU KNOW… I can help protect your home and family through a mortgage life insurance policy. Mortgage life insurance is a life insurance policy on a homeowner, which will allow your family or […]

How your mortgage can set you free of other debt   Credit crunch, debt crisis — call it what you will, but the current economic climate is spurring people to get their own finances in order. For Jack and Sarah Stewart, of Toronto, this means tackling the $40,000 in debt they’ve allowed to balloon during the […]