Bank of Canada governor Mark Carney told federal MPs on Tuesday that central-bank intervention in currency markets — on its own — “seldom” works unless backed by other appropriate policy measures. Further, he added, the decision to intervene is “not to be taken lightly,” and should be executed only if the dollar’s movements would have
My phone has been ringing more and more the past few months with this exact question… “Shaun, should I be looking into locking in my below prime variable with rates as low as they are today?” In my opinion this is a very difficult question to answer, the reason for this is that if a
This past Saturday on the Radio Real Estate Show I suggested that people look beyond just the rate they would be getting on their variable rate mortgage. It is important to look into details such as what the conversion rate would be if you chose to lock-in, is the rate compounded monthly or semi-annually, etc. Too
