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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com


13 June 2017

Canadian dollar goes up due to comments from the central bank

On Tuesday, loonie kept rising supported by the comments from the Bank of Canada governor on the national economy gaining pace.

Today, the Canadian dollar rose by 0.39 of a cent to 75.51 cents US.

In his recent interview in Winnipeg, the Bank of Canada governor Stephen Poloz noted the economy is recovering.

"It's not a final victory so far, but it shows that interest rate cuts we made two years ago have reached their goal, and it’s extremely important," – he said.

As you know, the BoC reduced its key lending rate twice in 2015 in order to support the economy facing the influence of a sharp oil prices decline.

12 June 2017

When to expect an interest rate hike?

One of the major specialists says the recent labour market results may strengthen the pressure on the central bank to raise its key lending rate.

“The job market performance suggests the national economy will continue its growth, keeping the leading positions among the G7 countries in terms of economic growth pace, as Canada recovers from the oil prices decline and takes advantage of sharply rising housing prices,” - Dr. Sherry Cooper, DLC chief economist, said. “This could increase the pressure on the Bank of Canada, which has already been more confident about the economy last time”, - she added.

Most specialists predict a rate increase in the first half of 2018.

9 June 2017

Canada created 55,000 new jobs in May, although unemployment rate was still slightly up

Last month, the Canadian economy created net 55,000 new jobs, outpacing all the previous forecasts with a sharp increase in full-time work.

According to Statistics Canada, there were 77,000 full-time positions added, although they were partially offset by a loss of about 22,000 part-time jobs.

Most new jobs were created in the private sector. Meanwhile, self-employment and the public sector almost didn’t show changes.

Earlier, economists predicted only 15,000 jobs in May.

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18 July 2017

Despite rising debts, Canadians are successfully coping with their mortgages Although Canadian consumers are facing almost record high level of debt...Read more >>

17 July 2017

GTA home sales show a sharp decline The recent report by the Canadian Real Estate Association (CRES) says June housing sales showed the largest month...Read more >>

14 July 2017

GTA real estate market is finally cooling It doesn’t matter if you want to sell or buy a property in the GTA, you still probably think only a year c...Read more >>
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