Mortgage Logic

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Economics

US Manufacturers Will Come out of Recession Meaner & Leaner

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Unemployment not a concern of progressive means of production in US. At a recent CAAMP (Canadian Association of Accredited Mortgage Professionals) conference in Montreal, Benjamin Tal, CIBC economist said (paraphrased) that the most significant event that will come out of the current extended period of low interest rates will be the massive re-investment by manufacturers/exporters […]

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Bank Rate Watch: What Will the Bank of Canada decide?

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The Bank of Canada is concerned about the strong Canadian dollar affecting the pricing of goods and services to export customers.  The U.S. economy remains sluggish and foreclosures of residential properties there remain very high.  Economist generally believe that a consumer led expansion will be the only true way out of recession in the U.S. 

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Significant Statistics

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Prudence Paying Off For Canadian Mortgage Borrowers – Spring 2010 • There are approximately 9.3 million homeowners in Canada, including about 5.55 million with mortgages. • Almost 80 per cent of young borrowers have opted for a fixed rate mortgage or a mortgage that combines fixed and variable rates. • A small number of mortgage

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Central Banking Crisis

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OTTAWA — Bank of Canada Governor Mark Carney’s options were quickly running out. The economy was still in deep decline, interest rates were already at their lowest ever and he couldn’t take them much lower without bumping up against zero. Like many central bankers these days, he turned to unconventional means. But instead of fully

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