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A third straight monthly decline in the Teranet–National Bank Composite House Price Index™

In November, the Teranet–National Bank National Composite House Price Index™ was down 0.5% from the previous month, the third consecutive monthly decline and the largest for a month of November outside of a recession. Indexes were down for four of the 11 metropolitan areas surveyed: Toronto (−1.4%), Hamilton (−1.6%), Ottawa-Gatineau (−0.8%) and Edmonton (−0.7%). Indexes for the two West Coast markets, Continue Reading

Bank of Canada Interest Rate Stays at 1% After December 6 Announcement

The Bank of Canada announced its latest interest rate target on December 6, 2017. The Bank of Canada interest rate stayed at 1%, which was set in September of 2017. “The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR),” the Bank stated in a December 6 press release. “In the United States, growth in the Continue Reading