Posts Tagged ‘rising interest rates’

Canadians Slow Down on Borrowing

Thursday, July 22, 2010, 8:23
Carousel, Finance
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We tend to find our self asking questions concerning how borrowers would hold up when interest rates began to rise. After seeing the Bank of Canada raise its trend setting overnight rate for the second time in the past two months, an answer is now coming forth. In virtually all forms of ... Full story

Tags: Bank of Canada, borrowers, central banks, cibc world markets, consumer spending, deflation, economic growth, global financial crisis, lump sum payments, mortgage data, mortgage debt, overnight rate, recession, rising interest rates, stimulus

BMO Launches AgriInvest Accounts

Wednesday, July 7, 2010, 9:16
Bank Accounts, Carousel, Savings Account
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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

CIBC: Parity by Summer

Thursday, March 11, 2010, 8:34
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Interest rates increases are expected to drive the Canadian dollar back up to parity with the U.S. dollar by the summer according to a new report from CIBC World Markets Inc. This forecast is based on the expectation that the Bank of Canada will be raising its key lending rate in July, which is at least 6 ... Full story

Tags: Bank of Canada, BMO, canadian dollar, capital markets, cibc world markets inc, commodity prices, economists, federal reserve, forecast notes, interest rates increases, Loonie, parity, rate hike, rising interest rates, Scotiabank

Canada Controlling Debt Well

Friday, January 15, 2010, 9:53
Carousel, Finance
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Chief executive of Canada’s largest bank, Royal Bank of Canada (RBC) has noted that Canadians are doing a decent job of managing their debts even though they are borrowing more than ever before. RBC’S Gord Nixon told an industry conference that Canada’s housing market is in full bloom and is ... Full story

Tags: accredited mortgage, bank of canada governor, decent job, first time home buyers, full bloom, gord nixon, gross debt service ratio, loan growth, mark carney, mortgage payments, rising interest rates, Royal Bank of Canada, stress tests, time home buyers

Canadian More Debt Cautious than Americans

Friday, January 15, 2010, 7:58
Carousel, Debt, Finance
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Royal Bank of Canada (RBC) is keeping a close eye on rising household debt levels in the country, but it believes that Canadian consumers are still in a more enviable position than the U.S. President and chief executive officer of RBC, Gord Nixon told an industry conference that the strength ... Full story

Tags: accredited mortgage, Bank of Montreal, BMO, borrowers, canadian consumers, chief executive officer, consumer education, debt levels, household debt, loan growth, personal loan, RBC, residential real estate, rising interest rates, Royal Bank of Canada

CIBC World Markets Inc.: Canada’s Household Debt is Still Manageable

Saturday, December 19, 2009, 7:54
Carousel, Finance
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Canadians are taking advantage of record low interest rates to buy homes and have racked up unprecedented debt levels; however a new report from CIBC World Markets Inc. notes that we are not headed for a U.S. style meltdown. The report includes an in-depth look at the Canadians housing and ... Full story