Economy

Brace for a rough ride in 2012: Shilling

The structural deleveraging process that began in 2008 is far from over, according to Dr. Gary Shilling. On a global basis, we might be halfway through.

By Vikram Barhat |January 27, 2012

4 min read

Credit Unions join the price war

The race to offer lower mortgage rates just got more intense as credit unions decided to jump into the fray. Barely a week after BMO triggered a price war by dropping the interest rate on a five-year fixed-rate mortgage to an unprecedented limited-time offer of 2.99%, followed by TD Bank and RBC with similar offers, […]

By Staff |January 23, 2012

2 min read

Small business dilemma: Save or invest

It’s not just individuals who are failing to plan and prepare for their retirement. Canadian business owners are no better, having to choose between investing in business or saving for a comfortable retirement, according to a BMO Financial Group study. Squeezed between slippery economic conditions and falling profit margins, almost half (49%) of those owning […]

By Vikram Barhat |January 23, 2012

2 min read

BoC keeps rate at 1%

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1% cent. The Bank Rate is correspondingly 1.25% and the deposit rate is .75%. The outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR). The sovereign […]

By Staff |January 17, 2012

3 min read