Economy

IIROC fines, bans former Winnipeg investment advisor

Sanctions total $485,000

By Staff |March 7, 2018

1 min read

BoC holds key rate, citing U.S. trade uncertainty

The Bank of Canada (BoC) today maintained its target for the overnight rate at 1.25%, citing the growing uncertainty around trade. The bank rate is correspondingly 1.5%, and the deposit rate is 1%. In a press release, the central bank said global growth remains solid and broad-based, and it noted that U.S. government spending and […]

By Staff |March 7, 2018

3 min read

January trade deficit narrows, but numbers still disappoint

Canada’s trade deficit totalled $1.9 billion in January, a narrowing from December’s $3.1 billion deficit, StatsCan reported Wednesday. That narrowing “was where the good news ended,” says CIBC senior economist Andrew Grantham in an economics report, as the deficit was “driven exclusively by a plunge in imports.” Imports decreased 4.3%, mainly due to lower volume […]

By Staff |March 7, 2018

2 min read

BMO extends mortgage rate guarantee period for homebuyers

BMO will be increasing the rate guarantee period for mortgages from 90 days to 130 days.

By Staff |March 6, 2018

1 min read