Us federal reserve

Many Canadian home buyers have put off their property purchases in recent years, due to rising interest rates and scant supply – but it appears …

Despite 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.

New progress was made this week in North America’s inflation fight as the US Fed left its rate unchanged.

Are 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.

Canada’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.

Memo 1: The US Fed holds rates, but may have one last hike in store The US Federal Reserve (the American counterpart to the Bank of Canada) opted …