Rate

Faced with runaway inflation in the United States, the Fed makes the biggest rate hike since 1994

Faced with runaway inflation in the United States, the Fed makes the biggest rate hike since 1994

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 …

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Bank of Canada |  Another "strong" rate hike in sight

Bank of Canada | Another “strong” rate hike in sight

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 …

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Rate hikes |  Alternative mortgages are gaining popularity

Rate hikes | Alternative mortgages are gaining popularity

(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 …

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