Mortgage news

BANK OF CANADA HOLDS RATE AT 1% AS OUTLOOK WORSENS
Friday, Jan 27, 2012
Bank of Canada Holds Rate at 1% as Outlook Worsens CBC News Posted: Oct 25, 2011 9:12 AM ET Last Updated: Oct 26, 2011 8:41 AM ET Bank of Canada governor Mark Carney kept the bank's benchmark interest rate steady a one per cent on Tuesday. Bank of Canada governor Mark Carney kept the bank's benchmark interest rate steady a one per cent on Tuesday. (Sean Kilpatrick/Canadian Press)   The Bank of Canada kept its target for the overnight rate steady at 1.0 per cent on Tuesday,...Read More
CANADIAN JOB MARKET IN DISMAL SHAPE, CIBC SAYS
Friday, Jan 27, 2012
Canadian job market in dismal shape, CIBC says OTTAWA — Canada’s job market is in bad shape and may be the worst it has been in decades, except for the periods when the economy was in recession. That’s the assessment of the CIBC chartered bank, which regularly tries to assess both the number and quality of jobs being created in the economy. According to its latest “employment quality index,” which declined by one point in the past year, CIBC says the...Read More