January 2009 - Posts
Bank of Canada reduced its target overnight rate by 50 basis and the major banks followed the suit and reduced their prime rates by 0.5%. This move made it easier for those who can afford a house to move ahead and buy. With the existing Buyer's market,
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OK, we all now that US sub-prime made the financial institute all over the world to melt down. The Canadian Banks were among those who had impacted by this melt down the less. The economic slow-down, made our CA$ to lose some ground to US$. As our currency
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It is not funny to see the Canadian government telling us everything is ok when they are going to fastest election period ever, and come back and say everything is ok when they introduced the budget and finally when getting slammed by the opposition parties,
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Companies wanting to conserve cash rather than invest in new structures, along with slumping prospects for homeowners, hammered the residential and non-residential ends of the building sector. As a result, fewer homes and big structures are getting built
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