Inflation Jump Causes More Interest Rate Speculation

Posted on March 23/2010 by Mortgage For Less

Some experts are predicting Bank of Canada interest rate hikes are less than three months away after Statistics Canada reported core inflation jumped to 2.1 per cent in February. This compares to the central bank's outlook of a 1.6 per cent average core inflation rate in the first quarter of 2010. "We're progressively leaving the recovery phase," Yanick Desnoyers, assistant chief economist at National Bank Financial in Montreal told the Globe and Mail.

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Higher Interest Rates On Way, Carney Warns.

Posted on March 25/2010 by Mortgage For Less

Bank of Canada chief sees costlier loans likely, and soon, as inflation and economy rebound faster than expected.

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Report Says One In Four Canadians House Poor

Posted on March 31/2010 by Mortgage For Less

One in four Canadians rely on subsidies or spend over 30 per cent of their pre-tax income on housing costs, including mortgages and rent, according to a report by the Conference Board of Canada.

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