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Prior to the most recent round of Government tinkering, mortgages fell into two classes; high-ratio and conventional. There are now three classes of mortgages in Canada. They are Insured, Insurable & Uninsurable Mortgages. This can be confusing for the average...read more
BEST CANADIAN GDP GROWTH IN SIX MONTHS LED BY MANUFACTURING COMEBACK Real Canadian GDP (Gross Domestic Product) increased 0.4% in November, bouncing back from a disappointingly flat economy in October. The improvement reflected a rebound in most factory sectors as...read more
BANK OF CANADA RATE DECISION - RATES INCREASE CAUTIOUSLY The latest Bank of Canada rate decision has been made. As was widely expected, the Bank of Canada announced another quarter-point interest rate increase this morning, saying that more hikes are ahead. According...read more