BoC’s next phase, Ratehub names new CEO, Top bank forecasts, Co-op housing, More

Rate cut heralds new phase for BoC policy, says top executive View web version | Forward to a colleague 07 June 2024 Top News Rate cut heralds new phase for BoC policy, says top executive Central bank has lowered rates for the first time since 2020 Can the Bank of Canada rebuild trust after rate cuts? Macklem gives further reaction to latest decision Extra wiggle room with 35-year amortization With higher interest rates, affordability is a concern for borrowers. Our expert BDM helped lower a client's monthly payments and free up some ratio room by refinancing on a 1-year term with a 35-year amortization. Now, the client has an extra $800 monthly to pay off debt Bridgewater Bank Ratehub snags high-profile executive as CEO, co-founders step down Co-CEOs transition to new roles to make way for fresh leadership Federal government reveals largest co-op housing investment in 30 years Feds make $1.5-bn bet on co-op housing How many more rate cuts do the big banks expect in 2024? Analysts split on Bank of Canada's likely path ahead Are Canada's bonds a better bet than the US after BoC's rate cut? Bank of Canada easing outpaces the Fed International News Is America's urban exodus continuing? Trend surged at height of COVID-19 pandemic Fear stops customers from seeking banks' help Clients in financial difficulty worried about being refused loans, says broker UK house prices – Halifax reveals the latest Housing market unlikely to see significant fluctuations in the near term Tough times: Why advisers should be empathetic to clients Mortgage expert paints stark picture of NZ economy Want to change how you receive these emails? You can manage your preferences or unsubscribe. © 2024 KM Business Information Canada Ltd. 317 Adelaide Street West, Toronto, ON Privacy | Conditions of Use | About us | Contact us

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