Canadian dollar is rising due to new EU debt crisis plan
On Wednesday the Canadian dollar rose by more than one US cent.
Partially, it was caused by the recent hopes of solving the European
banking problems. In addition to it, increasing confidence in dealing with the debt crisis led to the commodity prices increase. Read more
According to a recent Bank of Montreal study, variable-rate mortgages
have turned out to be more profitable for borrowers than fixed-rate
mortgages in 83% of cases since 1975. So, are we in 17% territory today, when fixed mortgages outperform variables? Read more