Money Matters Toronto

As expected the Bank of Canada announced this morning that they would leave the prime interest rate unchanged, citing economic development to be proceeding as expected. The Bank of Canada has also reiterated it’s commitment to keep the prime rate unchanged until at least July 2010,
pending controlled inflation. Click here to read the full Press [...]

If you are tossing and turning every night trying to figure which way mortgage interest rates are moving join the club. My impression is that nobody knows exactly which way rates are moving and what the long term trend is. I certainly wouldn’t rely on the sound bytes that come out of the media on a [...]

Canadian Bond yield versus the 5yr fixed mortgage rate from February 13th, 2009, through to June 12th, 2009. It was published by the Canadian lender Merix Financial.
The bond yield, or rate of return on your bond, is depicted by the blue curve on the graph above while Merix’s fixed 5 year is the green curve. As a consumer, if [...]