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history of events that have shaped the mortgage market from 2002 to date.
EVENTS SHAPING THE MORTGAGE RATE MARKET IN 2010
posted June 14, 2010
Bank of Canada Opens the Door a Crack But Enters Cautiously
Bank of Canada raises it's rate only by .25%
June 1, 2010
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal operating band of 50 basis points for the overnight rate.
DETAILS (pdf format)
posted May 3, 2010
Bank of Canada Speaks April 20/2010
Bank of Canada maintains overnight rate target at 1/4 per cent;
removes conditional commitment
OTTAWA-The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The
Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.
DETAILS (pdf format)
posted Feb 3, 2010
WHERE IS YOUR MONEY GOING IN 2010?
I have been in the banking/finance business since 1969.I have lived through three recessions and seen the before and the after. There is no doubt that this recession was one of the worst when you consider it was a world wide recession and not just based in Canada and that the recession was started by factors outside of our control. DETAILS (pdf format)
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