‘Business News’ Archives
Bank of Canada holds interest rates steady
The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on June 4th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent. The Bank indicated that economic and inflation outlooks are unfolding largely as it expected when it [...]
Asian trade key to economic recovery: Western premiers
By Philip Ling, Canwest News ServiceJune 19, The participants in the 2009 Western Preimiers' Conference in Dawson City, Yukon. From left, Premier Gary Doer of Manitoba, Premier Gordon Campbell of British Columbia, Premier Dennis Fentie of Yukon, Premier Ed Stelmach of Alberta, Premier Brad Wall of Saskatchewan and Premier Floyd Roland of [...]
Mortgage – Overview
According to America Heritage dictionary meaning of mortgage is; i) A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt. II) A contract or deed specifying the terms of a mortgage. III) The claim of a mortgagee upon mortgaged property. It has been further elaborated in [...]
