Arbetov.ca Banks and Mortgages

As a mortgage borrower – particularly if this is your first time embarking upon homeownership – there’s no doubt you have a load of questions related to the mortgage process. Aside from the most common questions, such as those relating to mortgage rate, the maximum mortgage amount you’ll be able to receive, as well as [...]

Banks and other financial institutions offer various credit cards to their clients. The most widespread cards in Canada and the US are VISA, Master Card and American Express. Quite often you receive an invitation to apply for some type of a credit card in your mail. When do you really need to apply? You need [...]

  
With all the concerns and unrest around the globe, According to the Canadian Press the  real estate market is now expected to actually grow this year rather than decline, buyers are taking advantage of continued low interest rates that are intended to offset recent economic turmoil, top economists said this week.  They are predicting that [...]

“Credit history“, “credit card” – these words being heard from friends, attract the newcomers. They want just the same. And right they are.
Credit card is a valuable and usable thing. It allows you to make a purchase today and pay for it 5-6 weeks later. It enables you to automatically pay for utility and other [...]

China’s currency policy is pretty far down the list of priorities for the U.S. Treasury staff. But it could be the turning point in this economic crisis — and for the worse.

The current state of the markets when combined with volatility that could extend for an unknown length of time has made it necessary to review and make changes to our investment loan program on a “go forward” basis. In addition, given extreme margin compression that could also extend for an extended period, we are changing our rates and amending our rate structure.

OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent.

Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets.

OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent.

The U.S. Federal Reserve has bumped up its key overnight lending rate to 4.25%. It’s the 13th consecutive time the Fed has boosted rates since last summer, when the target rate stood at a historic low of 1%.

The Bank of Canada announced that it raises overnight rate target by one-quarter of one percentage point to 3?%. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3?%.

The Bank of Canada Governor David Dodge said in his speech to L’Association des MBA du Quebec in November 2005 that Canada’s pension system should be strengthened so it can continue to play an important role in our economy and contribute to efficiency of financial markets.

The Bank of Canada released its October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada’s inflation-control strategy.

As widely expected, The Bank of Canada raised interest rates today. The Prime rate is now 4.75%. This increase was prompted by rising inflation, the result of escalating energy prices and an expanding economy.