Economy

A few U.S. banks and one significant European bank collapsed or were in danger due to recent instability in the global banking industry. As a result, market observers were apprehensive and worried about a domino effect similar to the one that caused the global financial crisis of 2008 after Silicon Valley Bank (SVB) collapsed and …

Global Banking Crisis: Impact on Mortgage Rates and the Canadian Economy Read More »

On April 12, 2023, the Bank of Canada is set to announce whether it will increase interest rates. The decision has to be announced in mid of the banking crisis in the US. Two US banks have collapsed, prompting government agencies to take emergency measures to backstop the financial system. The collapse of the banks …

A Possible Pause in Interest Rates and the Impact on Housing Markets Read More »