Canadians are definitely concerned by the ...
SASKATOON -- The word was gloomy from federal Finance Minister Jim Flaherty as he began talks with his provincial and territorial counterparts Wednesday morning. ...
Canada's banks should take full advantage of their relatively healthy status by expanding their lending, and resist the competitive pressure to build up capital reserves instead, Bank of Canada Governor Mark Carney says.
In comments to The Globe and Mail's editorial board on Wednesday, ...
The U.S. Federal Reserve has cut the country's federal funds interest rate by three-quarters of a percentage point to a target range of zero to 0.25 per cent.
That is the lowest level on record in the United States for the rate, which is the price that banks charge each other for loans. U.S. commercial banks are now expected to lower the prime rate, the key rate for many loans to ...
(CEP News) - The Canadian dollar is mixed against major foreign currencies on Monday as it makes notable gains against the U.S. and Australian dollars.
The loonie is up 0.0141 to 0.8153 against the U.S. dollar, as the greenback suffers broad-based losses. The U.S. dollar index is now down 1.325 points to 82.319.
"The USD continues to look soft against many currencies in the short ...
OTTAWA - Home sales suffered their second straight double-digit plunge last month to a near eight-year low, while average home prices fell almost 10 per cent from a year earlier, according to an industry report Monday, providing the latest evidence of a sharper-than-expected downturn ...
VANCOUVER, B.C. — Canada's mortgage industry says it's not concerned about the impact of rising defaults as a result of the recession that has set foot in Canada.
Despite a warning from the Bank of Canada on Thursday that mortgage and loan defaults could rise "significantly" if the global financial ...
For immediate release
Vancouver, BC – December 12, 2008. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined 67 per cent to $1.07 billion in November, compared to November 2007. Residential unit sales were down 62 per cent to 2,707 units during the same period. The average MLS® residential ...
If you are considering selling your condo, call Shaun. If you are thinking of buying real estate, call Mike Cook. Everybody has a unique and different situation and our primary goal is to help each of you determine how best to maximize your investment. Let's talk about your individual scenario so you have all the ...