Prime rate increase by major banks [3.45%]

Posted on January 19/2018 by

Prime rate increase by major banks to 3.45%, in relation to the recent key interest rate increase. The Bank of Canada raised the policy interest rate a quarter of a per cent on Wednesday. The third key rate increase in under a year, after a lengthy record low. A move by the national bank in light of a growing and healthy Canadian economy. The key rate, policy interest rate, is determined by the Bank of Canada.

Prime rate increase as Canadian banks skyscrapping in downtown Toronto's financial district
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New mortgage rules [2018] Toronto real estate’s “real...

Posted on January 8/2018 by
new mortgage rules 2018

New mortgage rules hit the Canadian market on New Year’s day. The Office of the Superintendent of Financial Institutions (OFSI) implemented the new rules, which were detailed in an official report in Fall 2017.

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