Bank of Canada Maintains Rate At 1% – 10/25/2011
Oct25

Bank of Canada Maintains Rate At 1% – 10/25/2011

On 10/25/2011, The Bank of Canada (BoC) announced it is maintaining its overnight interest rate at 1%. The Bank Rate is correspondingly 1.25% (1 1/4 percent) and the deposit rate is 0.75% (3/4 percent).

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Bank of Canada Maintains Rate At 1% – 5/31/2011
May31

Bank of Canada Maintains Rate At 1% – 5/31/2011

On 5/31/2011, The Bank of Canada (BoC) announced it is maintaining its overnight interest rate at 1%. The Bank Rate is correspondingly 1.25% (1 1/4 percent) and the deposit rate is 0.75% (3/4 percent).

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TD Canada Trust Raises Rates 4/5/2011
Apr04

TD Canada Trust Raises Rates 4/5/2011

On 4/4/2011, the Toronto Dominion Bank (TD Canada Trust) [TD/tse:TD], announced fixed mortgage rate increases. It is expected that the other big banks (Royal Bank, CIBC, Scotia, National Bank, BMO, etc) will follow suite and raise rates as well.

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Variable Vs Fixed Rate Mortgage
Jan28

Variable Vs Fixed Rate Mortgage

Although rates have increased from their historical lows since the height of the financial crisis, they still remain relatively low. For those thinking about renewing or getting a new mortgage, the age old question of which type of mortgage to go with comes to mind.  Is a Fixed Rate Mortgage (FRM) or Variable Rate Mortgage (VRM) better?  Lets look at some considerations: . Mortgage Types Variable Rate Mortgage (VRM): A variable rate...

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RBC Royal Bank Raises Rates 12/15/2010
Dec15

RBC Royal Bank Raises Rates 12/15/2010

On 12/14/2010, The Royal Bank of Canada (RBC) [RY/tse:RY] announced mortgage rate increases, along with the Toronto Dominion Bank (TD Canada Trust) [TD/tse:TD].  It is expected that the other big banks will raise rates by the end of the week. Royal Bank increased its 5 year closed mortgage 0.20% to 4.24%.  Its 6 month convertible rate increased 0.10% to 4.05%.  Other special rate offers also increased. TD Canada Trust’s 5 year...

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