The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Total CPI inflation in Canada has been around 1 per cent in recent…

To help you protect that investment and find a safe, comfortable place for your family to call home, here is a list of some of the things you should look at before you buy a home, to make sure you won’t end up having to pay for a lot of expensive repairs: Decks and porches—look…

More than a third of Canadian homeowners were caught short at least once in the past year, unable to cover their expenses, a new survey has found. Manulife Bank Canada found rising housing costs are making it difficult for homeowners to balance their big financial obligations: paying down their mortgage, saving for retirement and managing…

The Central Bank will maintain its target for the overnight rate at 1/2%. “Total CPI inflation remains near the bottom of the Bank’s target range, owing to declines in consumer energy prices,” the Bank said in a release. “Core inflation is close to 2% as the transitory effects of the past depreciation of the Canadian…