Canadian banks facing conundrum over $55.5 billion
After nine months of stockpiling capital to ensure they could withstand the strains of the pandemic, Canada’s biggest banks are facing a new problem: how to spend all that extra…
What will happen to Bank of Canada rates in 2021?
The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent Ratehub.ca forecast. James Laird, co-founder of Ratehub.ca, said that even with…
Vancouver home sales smash through record barrier
Vancouver’s real estate market ended 2020 with a bang, as a December home-buying spree helped the market rebound from a weak 2019, despite the COVID-19 pandemic. Home sales jumped 53.4%…