by Sabeena Bubber | Apr 9, 2021 | Announcements, Blog, Mortgage, News
The Office of the Superintendent of Financial Institutions (OSFI) announced yesterday that they would be opening consultations on a proposal for a revised mortgage “stress test” on uninsured mortgages. Under their new plan, the Government would set the...
by Sabeena Bubber | Mar 10, 2021 | Announcements, Blog, Mortgage
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its...
by Sabeena Bubber | Jan 20, 2021 | Announcements, Blog, Mortgage
Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing. The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent...
by Sabeena Bubber | Dec 9, 2020 | Announcements, Blog, Mortgage
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program. The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank...
by Sabeena Bubber | Oct 28, 2020 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented...
by Sabeena Bubber | Sep 9, 2020 | Announcements, Blog, Mortgage
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing. The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent...
