Poloz believes rate cut buys time against oil price impact
The interest rate cut last month will buy Canada some time from knowing the true economic impact of the recent dramatic fall in oil prices, Bank of Canada governor Stephen Poloz said.
BMO declares net income, quarterly dividend
BMO Financial Group has announced a net income of $1bn for the first quarter of the year. On an adjusted basis, the net income is at $1,041m.
Four in 10 retirees won’t be mortgage free, study shows
Canadians are not confident they will retire the “Freedom 55” way, as almost half of Ipsos Reid’s respondents said their incomes are causing them stress.
Canadians ‘may grow tired’ of low rates
Former hedge fund researcher Andrew Hepburn has warned that the threat of the real estate bubble growing ever larger is not beyond the realm of possibility.
Canada’s most expensive places to rent
A Toronto-based website has identified Toronto, Vancouver and Calgary to be the most expensive places to rent in Canada.
Greater Sudbury housing starts decline
A new study from the Canada Mortgage and Housing Corporation (CMHC) has found that limited job and population growth are holding housing starts back in Greater Sudbury.
More Canadians snub debts, credit cards
A post-holiday spending poll by the Royal Bank of Canada has found that Canadians generally did not overspend this past holiday season and have kept their debts low.
Non-prime lending threatening to housing sector, CIBC study says
CIBC World Markets has identified another area of concern for the Canadian housing market in its latest report: the non- or less-regulated lenders offering home loans to consumers.
Halifax, Winnipeg, Saskatoon remain cheapest housing markets
Homebuyers considering Halifax, Winnipeg or Saskatoon to be their next residence may not need to break the bank these days.
Alberta’s housing market cools, while Toronto and Vancouver boom
Despite the cooling figures of Alberta’s housing market, the opposite could be seen in Toronto and Vancouver, thanks to lower borrowing costs.