Loonie, bank bonds drop as Moody’s downgrades Canada lenders Canada’s dollar and bank bonds declined after Moody’s Investors Service downgraded the nation’s banks for the first time in more than four years, signaling that soaring household debt combined with runaway housing prices leave the lenders more vulnerable to losses. The ratings firm lowered the long-term…

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The Bank of Canada held its trendsetting interest rate unchanged on Wednesday, despite a recent run of stronger-than-expected data, saying it believes the economy has yet to show it can stick to the higher growth trajectory. In holding the rate at 0.5%, the central bank said it also considered significant uncertainties still weighing on its…

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Use this calculator to help you figure out your finances. The best way to get a true idea though is always to talk to your mortgage broker. I can recommend several if you do not already have one and I always suggest getting a second opinion anyway.

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