Bank of Canada governor Tiff Macklem has a couple of potential tonics for the tariff turbulence in the economy, aiming to find ways to bolster productivity and competitiveness in the country.
Read more: https://tinyurl.com/mr9c8wm3
Category Archives: Canada
More first time homebuyers entering housing market as prices dwindle: study
Declining interest rates and a softening housing market could benefit first time homebuyers, yet most people are choosing to delay their purchase plans for another year amid economic uncertainty, according to a new survey.
Read more: https://tinyurl.com/bp59bf23
Canada ranks as number one country people around the world want to move to
People around the world have Canada at the top of their list of dream destinations to move to, according to a new report.
Read more: https://tinyurl.com/yrk4hnu6
Why it may be better to rent than buy a home in some Canadian cities
A study commissioned by home renovation company Easy has found that, contrary to common belief (and perhaps even common sense) it may be better to rent a property than to buy one, at least in the short-to-medium-term.
Read more: https://tinyurl.com/3z4a3mk7
Fixed or variable rate mortgage? There’s a third option, but you’ll always be ‘half wrong’
Every interest rate move by the Bank of Canada triggers the existential mortgage question of whether to go fixed or variable, but what if you didn’t have to choose?
Read more: https://tinyurl.com/mw6k2dca
Renewing your mortgage? What the Bank of Canada’s rate cut means for you
As the Bank of Canada on Wednesday lowered its overnight benchmark by 25 basis points from 2.75 per cent to 2.5 per cent, experts say homeowners looking to renew their mortgages have a chance to save.
Read more: https://tinyurl.com/4u2n63fs
The biggest tax break in years creates the smallest down payments in decades
The First Home Savings Account (FHSA) ranks among the most generous tax breaks of all time.
Read more: https://tinyurl.com/yckezxkk
Taxing empty rooms is a bad idea, but our addiction to too much house is a problem, too
It’s easy to mock an ill-conceived, dead-on-arrival Australian plan to tax empty rooms, but a more pressing question for many Canadians might be: What is the economic benefit of living in a half-empty home, even one that is paid off?
Read more: https://tinyurl.com/yjdfyz43
Why copper is a key ingredient in Ottawa’s nation-building projects
Two of the five “nation-building” projects on Ottawa’s fast-track list are linked to a critical mineral that’s growing in value.
Read more: https://tinyurl.com/5bcn4c5m
Bank of Canada delivers 1st interest rate cut since March
Borrowing costs are coming down for some Canadians after the Bank of Canada on Wednesday delivered its first interest rate cut since March, lowering its overnight benchmark by 25 basis points from 2.75 per cent to 2.5 per cent.
Read more: https://tinyurl.com/yck5tb23