The US Federal Reserve – the American central bank counterpart to the Bank of Canada (BoC) – held its trend-setting federal funds rate unchanged in a range of 5.25 – 5.5% on May 1.
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Many Canadian home buyers have put off their property purchases in recent years, due to rising interest rates and scant supply – but it appears …
Read articleDespite steadily rising borrowing costs over the last two years, Canadian mortgage borrowers have been lauded for their ability to keep up with their payments – but new data shows cracks may be starting to form.
Read articleNew progress was made this week in North America’s inflation fight as the US Fed left its rate unchanged.
Read articleAre we officially out of the rate-hike era? It would appear so, following a rate hold this week from the US Federal Reserve, right on the heels of the Bank of Canada’s decision to do so.
Read articleCanada’s banking regulator has not been shy in the past about voicing its concern over variable-rate mortgages with fixed payments, a mortgage product where a borrowers’ payment remains the same, even as the Bank of Canada increases its benchmark rate.
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