The low interest rates will not be around forever, and Canadians should be preparing for the day when borrowing costs will return to normal levels, noted by the Bank of Canada Governor Mark Carney. Carney offered a bit of advice yesterday after releasing the bank’s latest Monetary Reports which stated that Canada’s recession will come

Investors have begun to wonder whether banks will begin to raise their interest rates ahead of schedule due to the soaring interest rates in the bond market these past few weeks. Rate spikes were unimaginable a month or two ago, however the less negative consumer and employment data combined with rising stock and commodity prices

While browsing online through some lenders or mortgage brokerage websites, you stumble upon something that almost sounds too good to be true – extremely low interest rates. You check once, twice – everything sounds legit, can this be right? Lenders are only able to offer very low mortgage rates  when they can arrange it as a “guaranteed investment”

TORONTO, April 3, 2009 — RBC Royal Bank announced today that it is reducing its residential mortgage rates effective April 4, 2009. The changes are as follows: Six-month open 6.85 per cent (down by 0.15 per cent) Six-month convertible 5.05 per cent (down by 0.15 per cent) One-year open 6.85 per cent (down by 0.15