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Bank of Canada Rates Slashed in Half to 0.25%
The Bank of Canada has taken its influential target interest rate to the lowest practical level in an effort to combat what it says is deeper and more widespread global recession. The central bank sliced the overnight rate in half to 0.25% yesterday and Read More...
CIBC World Markets says mortgage market growth cut in half since mid-2008
TORONTO — Canadian consumers are scaling back spending and becoming especially cautious about credit cards and home mortgages this year as the recession wears into their pocketbooks. A report by CIBC World Markets says growth in the mortgage market Read More...