Middlesex-London Health Unit seeks $5.2M line of credit from city to help with move
The line of credit would last no more than two years and offer an interest rate of prime minus 1.18 per cent. Continue reading
interest rate
Bank of Canada expected to decide on interest rate hike today
Governor Stephen Poloz has raised the benchmark five times since the summer of 2017 and he’s instructed Canadians to prepare for an eventual era of three per cent interest rates. Continue reading
Trump’s tariffs and new mortgage rules to affect Bank of Canada interest rate, Stephen Poloz says
The central ban, has been incorporating into its projections the fallout of U.S. steel and aluminum tariffs as well as retaliatory measures by Canada and others. Continue reading
Bogus numbers? Data scientist makes tool to clarify B.C. school tax debate
By Simon Little Online Journalist
Jens von Bergmann has created a new school tax calculator he says could help add perspective to the debate. Continue reading
U.S. Federal Reserve bumps up interest rate, likely 1st of 3 hikes for 2018
The rate hike was widely expected. Continue reading
BUSINESS REPORT: Expect a painful ride for the loonie amid stock market selloff
BMO chief economist and managing director Doug Porter warns “the loonie has never met a financial sell-off it didn’t want to join. “ Continue reading
BUSINESS REPORT – The Bank of Canada’s interest rate hike has made it all the more difficult for home buyers
By Jon Hall
Anticipation of Wednesday’s interest rate hike forced banks to raise their mortgage rates, which could slow down home sales. Continue reading
Bank of Canada raises key interest rate to 1.25%
And further interest rates increases are likely ‘warranted’ in the future, the central bank said in its statement. Continue reading
Staggering share of Canadians fear bankruptcy if interest rates rise much more
Millennials and gen-Xers are particularly vulnerable to increasing debt-servicing costs, two separate reports suggest. Continue reading
Your debt in 2018: The economic trends that could hit your pocketbook
Interest rate hikes, new mortgage rules and minimum wage increases could all impact Canadians’ debt burden. Continue reading