CashNews.co Article content The biggest contributors to inflation remain mortgage interest costs and rent. Mortgage interests costs grew by 18.8 per cent in August, a slower pace than the year before at 30.9 per cent. If mortgage interest costs were excluded from the consumer price index basket, the inflation rate would be at 1.2 per […]
CashNews.co Canada’s annual inflation rate slowed to 2 per cent in August, the slowest pace since February 2023. (Photo by Zou Zheng/Xinhua via Getty Images) (Xinhua News Agency via Getty Images) Canada’s annual inflation rate slowed to 2 per cent in August, landing on the Bank of Canada’s 2 per cent target and leaving the […]
CashNews.co Canada’s annual inflation rate slowed to 2 per cent in August, the slowest pace since February 2023. (Photo by Zou Zheng/Xinhua via Getty Images) (Xinhua News Agency via Getty Images) Canada’s annual inflation rate slowed to 2 per cent in August, the slowest pace since February 2021. Statistics Canada said on Tuesday that gasoline […]
CashNews.co This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management Breadcrumb Trail Links Personal Finance Taxes Kim Moody: The government imposes the Alternative Minimum Tax, but will later […]
CashNews.co Deputy Prime Minister Chrystia Freeland declared she is “not going anywhere” when pushed by the Conservatives on Monday about her future as finance minister. On the first day of the fall sitting of Parliament, the Conservatives repeatedly went after Freeland’s job as finance minister following last week’s appointment of former Bank of […]
CashNews.co (Bloomberg) — Prime Minister Justin Trudeau’s government will make 30-year mortgages available to all first-time buyers and to buyers of newly built homes as the embattled leader tries to win back the approval of younger Canadians. Most Read from Bloomberg The government will also begin allowing mortgage default insurance on homes worth up to […]
CashNews.co What’s going on here? Despite three interest rate cuts, Canadian consumers feel the financial squeeze more intensely than Americans, who haven’t seen any from the Federal Reserve. What does this mean? Canadian mortgages often adjust every 4-5 years or are variable, unlike America’s 30-year fixed-rate versions. This means many Canadians face higher mortgage payments […]
CashNews.co OTTAWA – Finance Minister Chrystia Freeland has announced changes to mortgage rules she says are aimed at helping more Canadians to purchase their first home. “It is going to put the dream of home ownership in reach for more young Canadians,” Freeland told reporters Monday, announcing changes she said will come into […]
CashNews.co Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, although some housing experts are doubtful that the new measures will have a meaningful long-term impact on housing affordability and say they might even push prices up. The federal government will increase the cap on insured […]
CashNews.co Breadcrumb Trail Links News Economy Personal Finance Financial optimism is showing up in several areas, including housing, retirement and the economy Published Sep 16, 2024 • Last updated 3 hours ago • 3 minute read You can save this article by registering for free here. Or sign-in if you have an account. Pedestrians walk past […]