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Bank of Canada Holds Steady

December 8, 2010 Financing
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Surprising no one, the Bank of Canada chose not to raise interest rates yesterday, maintaining the benchmark overnight rate at 1%, which makes the banks’ prime rate 3%. From the BoC press release: The recovery in Canada is proceeding at a moderate pace, although economic activity in the second half of 2010 appears slightly weaker [...]

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Your House Is NOT A Damn ATM (and 5 Other Things We Agree On)

November 10, 2010 Investing
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Inspired by this weeks’s entertainment, I got thinking about the commonalities of real estate, economics and investment blogs, whatever their slant. I think there’s a lot we can agree on. Your house is not a damn ATM If you put a HELOC (home equity line of credit) on your home, be damn careful what you [...]

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BofC Overnight Target Up 0.25%

September 9, 2010 Financing

As many expected, the Bank of Canada raised rates 0.25%, making the overnight rate 1%. Most banks followed suit, making the prime rate 3%. Here’s the high points from the press release (via Canadian Mortgage Trends) “…Consumption growth is expected to remain solid and business investment to rise strongly.” “The Bank now expects the economic [...]

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8 Links for Your Weekend – Parade Style

August 13, 2010 Cool Websites
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Here’s some links to help your Friday (or Saturday) go a little faster. I’m going to try and post things like this a little more regular, so please leave a comment and let me know if there’s types of links, news, topics or questions you’d like to see more of! From Lovely Listing – NFSWednesday: [...]

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The Great Famine – 21st Century Style

December 17, 2009 The Economy
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North America is home to a generation of people who have never experienced a recession in their adult lifetime. They’re between 20 and 30, much like myself. I remember when I was very young, my dad being laid off from construction during the recession which hit in 1984. He’s mentioned it before, but he was [...]

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The Aftermath of an Irish Real Estate Bubble

September 16, 2009 Personal

This is a very interesting time to be living in Ireland.We’re in the middle of possible recovery from recession, new tax legislation which may completely change the way they tax property, NAMA (the goverment buying up toxic loans) and a national referendum on Lisbon 2, which will determine to what extent Ireland will continue to [...]

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Rate of Decline Slows Significantly

June 17, 2009 Statistics

Today’s edition of the Stats Can Daily showed the largest monthly improvement in the unsmoothed composite index in 30 years. The rate of decline of the leading indicator slowed markedly to 0.1% in May, the smallest of nine consecutive declines. The shift from a 0.9% drop in April to a 0.1% dip in May was the [...]

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