As of Friday Canada’s annual rate of inflation for March came in at 1.2%, down from the 1.4% increase in February. The March rate is slightly better than what economists had been projecting – they had been projecting 1.4% annualized inflation rate.There was a 6.2% decline in transportation costs which was the key factor in

Banknerd.ca is going to start a series about banks in Canada. This series that will consist of banks you may already know about and some you have not but should know about. Today, I will talk about the Citizens Bank of Canada.Citizens Bank of Canada is a national, online bank; it has no shareholders, no

At the Central Imperial Bank of Canada (CIBC) they have borrowing solutions which could make your life easier. Everyone’s borrowing needs changes over time; whether it is for your first house, renovation or access to money a CIBC advisor will be able to assist you.For first time home homebuyers you receive $500 cash back once

The other day I was asked exactly what does the Bank of Canada do? This person was upset that this “bank” does not give out chequing accounts. Well ladies and gentleman I shall, yes I just said shall. Clarify the big misconception with the Bank of Canada. Most consumers who are not familiar with the

The economic recovery is dismal, leaving the Bank of Canada with the last option of printing money. The will be high causing the devaluation of the loonie and the run-away inflation as a long term effect.The economies are running empty; the central bankers are inclined to spend their time on solving the problem at hand

As the economy is on the slump, the Bank of Canada has made another rate cut. Cutting its rates to 0.5%, this was foreseen and in accordance to the expectations of economist. The economy is foreseen to drop tremendously throughout 2009 however economic growth is seen to be come back in the early 2010. This