Economy

Fed says it’s patient about raising rates

The Federal Reserve is reiterating that it will be "patient'' in raising rates from record lows but is signalling greater concern about excessively low inflation.

By Staff, with files from The Associated Press |January 28, 2015

1 min read

RBC cuts 5-year fixed mortgage rate

RBC is the first bank to lower its mortgage rate, and is offering a 5-year fixed rate as low as 2.84%.

January 27, 2015

1 min read

More Canadian banks cut lending rates

Canada's biggest banks have started passing on some _ but not all _ of the Bank of Canada's recent rate cut, lowering the interest charged to borrowers with loans and mortgages tied to the prime rate.

By Staff, with files from The Canadian Press |January 27, 2015

2 min read

Should investors care about the rate cut?

Exporters and borrowers are celebrating the BoC’s overnight rate cut.

By Melissa Shin |January 26, 2015

2 min read