Prime Minister Stephen Harper is among many Canadians these days who are boasting about the strength of the country’s banking system.
During the credit crisis, no Canadian banks failed, and none required government capital infusions. And last week when Canada’s major banks issued their quarterly statements, all but one were profitable. Even that exception, a second-quarter [...]
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Category: Uncategorized | Comments OffOTTAWA — For the second time in as many weeks, Canada’s major banks have hiked rates on fixed-term mortgages.
Most increased their three-, four- and five-year rates by 0.4 percentage points on Wednesday.
The move brought average posted rates on those mortgages to 4.55 per cent (three-year), 5.34 per cent (four-year) and 5.85 per cent (five-year).
http://www.ottawacitizen.com/Banks+hike+fixed+term+mortgage+rates/1682791/story.html
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Category: Canada, Housing Starts, Ontario, Uncategorized | Comments OffCanadian Mortgage Funding Assistance, review brought by Moishe Alexander, CFC CEO.
The Honourable Jim Flaherty, Minister of Finance, and the Honourable Tony Clement, Minister of Industry, today announced that all of the measures in Canada’s Economic Action Plan to improve access to financing are in place and fully operational.
“To date, over $115 billion has been provided [...]
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Category: Canada, Housing Starts, Ontario, Uncategorized | Comments Off