Despite Minister Flaherty’s push to cool an overheated housing market and stop banks from offering low mortgage rates, many aren’t co-operating. In fact, some Canadian banks continue to advertise rates as low as 2.89% within their branches, says the Globe and Mail.
This includes BMO — a Montreal branch was offering the 2.89% rate just yesterday. To its credit, however, the bank has stated it would raise its five-year rate to 3.09% effective March 29.
Almost all the gains were in the historically volatile education sector, economist explains
This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end
Higher borrowing costs could lead Federal Reserve to forgo another hike
Exports of gold and crude oil helped drive results
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Laurentian Bank has announced further executive shifts following its leadership change earlier this month
Ontario court allows U.S. shareholders to pursue both cases
Report finds the technology is being used to segment clients and generate insights