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Canada Set to Prosper in the Future

Monday, July 26, 2010, 8:42
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At one point in time it was said that the twenty first century will belong to Canada. As we head into the second decade of this century, it looks like the forecast will be coming true. From looking at the recently concluded G20 summit, we saw Canada host a platform to be ... Full story

Tags: banking system, canada benefits, canada host, canadian banks, debt burdens, economists, financial markets, global competitiveness index, investor protection, member countries, prime minister canada, productivity enhancements, recession, sophistication, wealthy countries, world economic forum

BMO Launches AgriInvest Accounts

Wednesday, July 7, 2010, 9:16
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BMO Bank of Montreal has launched the BMO AgriInvest Savings Account, allowing agricultural customers to double their savings by generating matching government funds for every allowable contribution they make to the account. Before now, farmers have accessed AgriInvest accounts through the department of Agriculture & Agri-Food Canada (AAFC). BMO expects that with an AgriInvest account close ... Full story

Tags: aafc, account balance, account customers, agri food canada, agricultural customers, agricultural producers, bmo bank of montreal, business accounts, business investments, declines, economists, free transactions, free transfers, interest rate strategies, premium rate, rising interest rates

GDP Remains Unchanged

Wednesday, June 30, 2010, 9:20
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Real Gross Domestic Product (GDP) has remained unchanged in April after seeing seven straight monthly increases. Statistics Canada has reported a large decline in retail trade and smaller declines in both manufacturing and utilities, while being offsetting by increases in mining, wholesale trade, the public sector and construction. The finance and insurance sector has remained unchanged. The fact ... Full story

Tags: adjusted basis, Bank of Canada, canadian economy, domestic spending, economic growth, economists, gdp, gdp growth, gross domestic product, insurance sector, interest rate decision, public sector, retail trade, statistics canada, stimulus, tax incentives, tsx, wholesale trade

Bank of Canada Increases Key Interest Rate

Tuesday, June 1, 2010, 8:55
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Today marked the end of rock bottom borrowing costs, as we have the Bank of Canada raise its trend setting overnight interest rate to 0.50% from the historically low 0.25%. In a brief announcement from bank governor Mark Carney, it was noted that economic activity in Canada has been unfolding much better than ... Full story

Tags: Bank of Canada, business conditions, business investment, canadian dollar, consumer spending, core inflation, debt crisis, economic activity, economists, employment growth, excess supply, inflation rate, mark carney, overnight rate, rate increase, recession

Canadian Economy Growing Faster than Anticipated

Monday, May 31, 2010, 8:50
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Statistics Canada has released data that shows Canada’s economy has grown at an annualized rate of 6.1% in the first quarter of 2010. National Gross Domestic Product (GDP) has increased by 1.5% in the first quarter of 2010, when it is compared to the last quarter of 2009. Real GDP has increased 0.6% in March from ... Full story

Tags: Bank of Canada, canadian dollar, canadian economy, capital markets, cibc world markets, deputy chief economist, economists, financial crisis, first quarter, gross domestic product, Loonie, quarterly reports, real gdp, statistics canada

Homebuyers are okay with current Mortgage Debt

Monday, April 26, 2010, 9:30
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According to a new online survey, a vast majority of recent Canadians homebuyers are okay with their current mortgage debt. The survey consisted of 2,500 active mortgage borrowers; it found that 81% of them were comfortable with the level of their current mortgage debt. The Canada Mortgage and Housing Corporation (CMHC) conducted this poll. The survey also found ... Full story

Tags: Budgeting, canada mortgage and housing corporation, canadians, consequences, current mortgage, economists, mortgage borrowers, mortgage debt, online survey, poll, prospects

Canada’s Growth Surpasses G7

Thursday, April 8, 2010, 8:45
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The Canadian dollar has stayed just below parity despite having a good report on the nation’s economy from an international group and signs that the Unites States is unlikely to raise interest rates. The Organization for Economic Development and Co-operation (OECD) noted that Canada’s economy is likely ... Full story

Tags: Bank of Canada, Bank of Montreal, banking sector, BMO, canadian dollar, economic development, economists, first quarter, fiscal position, g7 bank, g7 nations, interest rates, international group, oecd, parity, recession, second quarter

Loonie Opens At Parity

Wednesday, April 7, 2010, 8:39
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Today the Canadian dollar opened in Canada at 100 cents US, exact parity, and up about one tenth of a cent from Tuesday’s close. At one point today, the loonie was worth more than one U.S. dollar early Wednesday, reaching as high as 100.03 cents US overnight, before North American Trading began. The loonie did slip below ... Full story

Tags: american dollar, canada, canadian dollar, currency, disney, disney world, economists, Loonie, money, north american trading, parity, quick profit, tourist dollars

BMO Offers Lowest Five Year Fixed Rate Mortgage Under 4%

Wednesday, April 7, 2010, 7:39
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BMO Bank of Montreal announced that effective April 7th, its five year low rate fixed closed mortgage will be increasing to 3.95% from 3.75%. This new rate remains at the lowest in the marketplace, and the gap between BMO’s rate compared to the competition has widened following the recent round of rate increases. This is one of ... Full story

Tags: approved period, Bank of Montreal, bmo bank of montreal, closed mortgage, economics department, economists, fixed rate mortgage, guaranteed rate, interest rates, low mortgage, Mortgage Rates, mortgage specialist, new mortgage, special offers

Loonie Reaches Parity Momentarily

Tuesday, April 6, 2010, 8:45
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The Canadian and American dollars reached a moment on Tuesday where they were worth exactly the same, until the loonie slipped back just below the greenback. The Canadian dollar began trading officially at 99.95 cents (US) on Tuesday, which is up almost a quarter of a cent from Monday’s close. Economists believe that it is only a matter ... Full story