Archive for Manitoba Mortgages
Bank of Canada holds firm on Prime
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As expected, the Bank of Canada recommitted yesterday to leaving its benchmark interest rate at a record low of 0.25% through to the middle of next year.
The central bank is taking a brighter view of the economy, citing stronger-than-expected household spending. Policymakers said that Canada’s GDP would shrink 2.3% this year, compared with an earlier estimate in April that the economy would contract 3%. GDP will expand 3%, compared with an earlier call for growth of 2.5% next year, the BoC said in its latest policy statement.
The revisions reflect what the central bank said are “increasing signs that economic activity has begun to expand in many countries in response to monetary and fiscal policy stimulus and measures to stabilize the global financial system.”
Still, the BoC called the recovery “nascent” and emphasized that “effective and resolute policy implementation remains critical to sustained global growth.”
Canadian retail sales rose much more than expected in May after a surprise drop the previous month, Statistics Canada said today.
Sales increased 1.2% during the month to $34 billion, with gains in seven of eight sectors, led by a 2.4% increase in automotive products, the federal agency said.
“Retail sales have been generally rising since the beginning of 2009,” Statistics Canada said.
Most economists had expected sales to rise by just 0.5% in May after a 0.6% decline in April. – Financial Post
Keeping you posted with Thanks,
Jonathan M. H. Silveira
mortgage Broker
Phone: 1-800-662-7757
Cell: 1-778-861-5467
Fax: 1-866-533-4261
Email: jsilveira@dominionlending.ca
Website: http://www.JonathanSilveira.ca
Speak with a professional mortgage broker now and get free advice that could help you find the best mortgage! Call 1-800-662-7757 or:
Click here to receive up to 5 Quotes on a home purchase Loan, Home refinance Loan, Home Equity Loan or a Debt Consolidation Loan.
Manitoba Mortgages and Home Loan News
Posted by: | CommentsSpeak with a professional mortgage broker now and get free advice that could help you find the best mortgage! Call 1-800-662-7757 or Click on the link below:
Winnipeg mortgage: Winnipeg is the capital and largest city of Manitoba, Canada. It is located near the longitudinal centre of North America, at the confluence of the historic Red and Assiniboine Rivers, a point now commonly known as The Forks. Winnipeg is the core cultural and economic centre of the Winnipeg Capital Region, which is home to more than half of the entire Manitoba population. It has Canada’s 8th largest CMA with 694,668 inhabitants, and is Canada’s 7th largest municipality with a population of approximately 633,451.
Mortgage lenders tend to consider the Winnipeg Mortgage market as a prime location and with strong investment value and thus lenders will consider doing a Winnipeg Mortgage.
Speak with a professional mortgage broker now and get free advice that could help you find the best mortgage! Call 1-800-662-7757 or:
Click here to receive up to 5 Quotes on a home purchase Loan, Home refinance Loan, Home Equity Loan or a Debt Consolidation Loan.

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