The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank does. Here’s what they told us. Why we reached out Every five years, we renew our monetary policy framework with the...Read More
The Bank of Canada today held its target for the overnight rate at the effective lower bound of � percent, with the Bank Rate at � percent and the deposit rate at � percent. The Bank continues to provide extraordinary forward guidance on the path for the overnight rate, reinforced and supplemented by the Bank’s...Read More
On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usually, mortgages with a 20% down payment do not need mortgage default insurance and are called uninsured mortgages. Here’s what the OSFI, an independent agency that is the...Read More
A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history determines your credit score. In turn, your credit score affects various aspects of your financial life. Read on...Read More
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