When the European Central Bank (ECB) injected more than US$1 trillion in cheap, three-year loans into troubled euro-zone countries using its Long-Term Refinancing Operation (LTRO), investors breathed a sigh of relief. It was widely believed that these loans would buy the euro zone more time – a year at least. The plan was to let [...]
Be sure to visit Dave Larock’s website for information on all your mortgage questions: This week’s update will use an ‘around the horn’ format to highlight several interesting developments that related to the Canadian mortgage market and borrowing rates last week: Taming the Housing Beast The Canada Mortgage and Housing Corporation (CMHC) issued a [...]
This is a long read but well worth taking the time to read. As usual, Dave Larock brings clear easy to understand tips on how to save money on your mortgage. See Dave’s website for all the mortgage information you need. Many people think that the differences in how lenders calculate fixed-rate mortgage penalties are a [...]
David Larock consistantly keeps us in touch with international economic conditions, interest rates and the best approach for your mortgage needs. Take a look at Dave’s website for full information on all mortgage matters that can benefit you. The euro-zone crisis returned to its roots last Friday when Greek riots erupted in response to demands [...]
The Bank of Canada (BoC) left its overnight rate unchanged at 1.00% last week, and also released its latest quarterly Monetary Policy Report(MPR). The MPR tells us where the BoC thinks inflation is headed and offers the Bank’s perspective on where the greatest risks to the Canadian economy lie. Regular readers of the MPR can [...]
The European Central Bank (ECB) made a bet in December that if they offered unlimited three-year loans to liquidity-starved European banks, those banks would then support ailing euro governments by buying up their bonds and creating enough demand to bring their spiraling bond yields down from the stratosphere. Specifically, they extended more than US$600 billion [...]
At the beginning of each year we get endless suggestions on how to improve our, life, wellbeing, living space, fitness, finances etc. This is one that you can implement easily, then do nothing more, just benefit. Dave Larock will tell you how to save thousands of dollars. by Dave Larock When the calendar flips to [...]
Friday’s much-anticipated meeting of European Union (EU) leaders in Brussels was the region’s latest attempt to reassure the markets that its financial crisis is being brought under control. Here are the highlights: Twenty-six of the EU’s twenty-seven member countries agreed to limit their future structural deficits to .5% of GDP (the UK rejected this proposal). [...]
One may not always enjoy what Dave has to say but it is certain that his comments are insightful, accurate and timely. This article will bring you up to date on what’s happening in Europe and Canada. We continue to be among the fortunate. by Dave Larock In a [...]
Like stock markets, economies are really only governed by two competing forces: fear and greed. When greed dominates, money flows into riskier investments that promise the highest potential returns, businesses worry about how to grow as fast as their balance sheets will let them, and because consumers feel secure about their prospects for continued employment, [...]
