We just recently saw the big discounts to Variable rate come back and just as quickly we are once again saying goodbye to them.  This is a result of the global economy and Canada decision to keep the overnight lending rate as is.  Canada will not be increasing the over night lending rate while there […]

Carney and Flaherty Urge Calm Calm and caution were the key messages delivered by Mark Carney and Jim Flaherty to Parliament in response to the recent turmoil in world markets. To combat swirling rumours of a looming recession, the two men together addressed Parliament.  Neither man expects to see a global contraction. In terms of […]