Lower inflation in February likely to keep interest rates low

March 21, 2011 by admin · Leave a Comment 

Canada’s annual inflation rate fell slightly in February, giving the Bank of Canada room to keep interest rates low over the next few months, economists say. Statistics Canada said Friday its consumer price index edged down one-tenth of a point to 2.2 per cent in February, with rising energy and gas prices keeping inflation just [...]

Little changed with US Mortgages

February 18, 2010 by julie · Leave a Comment 

U.S. mortgages little changed NEW YORK – As Canada took pre-emptive steps this week to thwart a possible housing bubble, the United States has done little to reform the reckless lending practices that, two years ago, led to the near-collapse of the country’s financial system. For now, the industry is cleaning up its own bad [...]