The Fixed / Variable Conundrum “To get anywhere, or even to live a long time, a person has to guess, and guess right, over and over again, without enough data for a logical answer.” — Robert Heinlein Mortgage rates are doing things that few people expected one year ago. Variable discounts have been sliced in […]

Canadian mortgage rates falling TORONTO – Some Canadian mortgage rates are going down as of Thursday. TD Canada Trust (TSX:TD) was the first major bank to announce a change, with its five-year closed mortgage rate falling 15 one-hundredths to 5.24 per cent. Royal Bank (TSX:RBC) and Bank of Montreal ()TSX:BMO) will drop their five-year closed […]

Interest Rates: The More Things Change, The More They Stay The Same     A famous bard once said, “All the World’s a Stage.”  That, as it turns out, is very much the case in terms of global economics and the ensuing drama that has unfolded since the Bank of Canada’s last rate announcement in […]

  Personal Finance Need motivation for cutting debt? Look stateside ROB CARRICK | Columnist profile | E-mail From Wednesday’s Globe and Mail PublishedTuesday, Jul. 19, 2011 5:13PM EDT The debt problems of the global financial system are your problems. So pay down your credit card, credit line and mortgage. Making your household balance sheet tidier […]

    Canadians fell even deeper in debt in the first quarter of this year, Statistics Canada reported Monday, as they used low interest rates to buy into the housing market. Photograph by: File, Reuters OTTAWA — Canadians fell even deeper in debt in the first quarter of this year, Statistics Canada reported Monday, as […]