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Whistler Mortgage Blog

Whistler Mortgage Blog

http://garibaldimortgage.com/blog/

Mortgage news from a Canadian perspective.

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  • Economic Optimism = Higher Long Term Rates…

    Posted on Saturday December 12th, 2009 at 10:38 in General

    Warren Jestin, Chief Economist of Scotiabank, feels that we are not in for a double dip recession. Fueled by slow & gradual growth, he predicts that long term rates will rise before the Bank of Canada begins the increase of the Central Bank prim...

  • Canada Needs to Take A Page from the European Book of Banking…

    Posted on Friday December 11th, 2009 at 09:16 in General

    There is so much I could say with respect to the attached article, but I will let viewers read for themselves…In my humble opinion, Mr. Flaherty’s rejection of the G8 recommendation reeks of arrogance in the fallout of the global crisis t...

  • Signs of Life…

    Posted on Wednesday December 9th, 2009 at 11:36 in General

    If the global economy has been on a heart monitor for the last 12 months, we are now starting to see a faint pulse on the screen…the questions are how strong will this pulse get, and will it be sustained? These are 2 critical questions when c...

  • Steady As She Goes…Bank of Canada Rate Remains the Same

    Posted on Tuesday December 8th, 2009 at 09:27 in General

    The Central Bank  of Canada has kept the prime rate at 0.25%; maintaining the conditional commitment to hold the prime rate steady until June 2010. Canada and the US appear to be cautiously optomistic on the global economic recovery, but are not gi...

  • European Central Bank Rate Unchanged

    Posted on Thursday December 3rd, 2009 at 11:26 in General

    No surprises this morning that the European Central Bank has left their prime rate unchanged at 1.00%. More details to follow as to how the Bank will slowly ween the financial stimulus out of the economy. View full article from Financial Post. Posted...

  • Rates Post Recession – A First Glimpse

    Posted on Wednesday December 2nd, 2009 at 15:54 in General

    Mr. David Dodge, our current Central Bank Governor’s predecessor, has given us his idea of how rates may unfold post recession. In an address to a business forum in Lake Louise, Alberta, he describes that the central bank prime may be ‘...

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