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Contact Information

2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com


1 jun 2010

Bank of Canada hike overnight landing rate by 25Bps (0.25%). Rate is 0.50% as of today.
BoC sees "considerable uncertainty" in economic recovery. Father rate moves to be "weighted carefully"
0.25% increase on your variable mortgage means $12-14/m extra on every $100,000

31 may 2010

June 1 rate hike is expected
According to Bloomberg survey, 25 of 27 economists believe that tomorrow the BoC will raise short-term rates by 0,25.
OIS (overnight index swap) traders expect rate hike as well. They say the probability of Tuesday increase is about 75% or more. (OIS shows a gauge of what the overnight rate is expected to be).

28 may 2010

Rates are ready to rise - Canadian dollar goes up
The Canadian dollar climbed up against the U.S. currency: it’s up to C$1.0444 to the U.S. dollar (or 95.75 U.S. cents). It became the highest level since May 20.“There was no market signs to speak of the Bank of Canada's June 1 interest rate announcement, that’s why the Canadian dollar will be really influenced by the international situation,” - said Matthew Strauss, RBC Capital Markets.

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11 December 2019

Mortgage stress test worsens housing supply issue and makes homes even less affordable Today, Canada is showing sustained economic and strong populat...Read more >>

9 December 2019

Next year could be crucial for some Canadian borrowers The recent report by TransUnion Canada says the outstanding credit card balances have exceeded...Read more >>

6 December 2019

Jobless rate in Canada reaches 5.9% Last month, Canada’s economy showed the largest monthly job loss since the financial crisis, raising the jobless ...Read more >>
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7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
© 2010 Michael Tulchenetskiy & Denys Derzhavets Mortgage Brokers. All Rights Reserved