The US central bank (Fed) raised its reference rates by three-quarters of a point on Wednesday, the largest rise since 1994, and its president assured that the institution remains “determined” to fight galloping inflation. • Read also: Another rate hike in the offing at the Fed, perhaps even the biggest since 1994 This increase “is …
Higher interest rates are the price to pay for fighting inflation, our readers essentially believe. And many of them have prepared accordingly. Here is an overview of the emails received in our Call to All. written in the sky It was written in heaven that rates would go up one day. The economy is cyclical …
The Canadian economy held firm in March, ending the quarter with 3.1% annualized growth, arguing for a third key rate hike on Wednesday. “GDP growth of 3.1% is respectable, especially since the first month of the year was weighed down by health measures,” commented the National Bank economists after the publication of the most recent …
Bank of Canada | Another “strong” rate hike in sight Read More »
(Toronto) Homebuyers across the country are increasingly turning to credit unions and private lenders for mortgages as rates rise, and mortgage brokers are watching. These experts point out that Canadians are now more attracted to these alternative lenders than before because fixed mortgage rates have reached and slightly exceeded the 4.0% threshold in recent months …
Rate hikes | Alternative mortgages are gaining popularity Read More »
