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By Craig Lord  Global News Posted August 16, 2022 The annual rate of inflation dipped to 7.6 per cent in July, Statistics Canada reported Tuesday, as lower gas prices took some of the heat off household budgets. But the head of the Bank of Canada is signalling the slowdown isn’t enough to avoid further interest rate hikes. In its latest consumer price index (CPI) report,…

How a rise in interest rates affects you: A rise in interest rates can cost you more to borrow money. When interest rates rise, your loan payments will increase if: you have a mortgage, a line of credit or other loans with variable interest rates you’ll soon need to renew a fixed interest-rate mortgage or…

Happy New Year friends and cherished clients! 2022 is going to be a fantastic year! The Manitoba Securities Commission (regulatory body for Realtors and Real Estate Brokerages) has mandated that all Realtors in Manitoba are required to complete a signed Service Agreement with their clients before they continue or begin to provide help or services…

FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario December 8, 2021 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary forward guidance on the path for the overnight…