Mortgage Logic

Schools Have Failed on the Financial Literacy Front

Globe and Mail Update February 23, 2009 The recent federal budget included the establishment of an independent task force to make recommendations on financial literacy, among other issues. Our organization, the Investor Education Fund, applauds this development and looks forward to working with such a committee. In the past nine years, we have learned that …

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Bank of Canada lowers overnight rate target by 1/2 percentage point

3 March 2009, OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3/4 per cent. The outlook for the global …

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Canada economy to recover in second half: economists

The Canadian economy should emerge from recession during the second half of the year as stimulus measures take effect, setting the stage for interest rate hikes in a year, a Reuters poll showed on Wednesday. The quarterly economic survey of 20 economists, conducted in the days before the Bank of Canada made an expected rate …

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