Financial Power

Important Keys To Personal Financial Success. Good Quality information About debt consolidation, insurance, saving money, practical investing and financial planning.

What the Rate Cut Means for Mortgages

FP | April 22, 2009

The latest rate cut means consumers buying a house can borrow for as little as 3% interest on their loan if they are willing to buy into the Bank of Canada’s statement Tuesday that it won’t be changing rates until June, 2010.
If you don’t believe the bank will hold steady on its promise, you can [...]

Bank of Canada Lowers Interest Rate

FP | April 21, 2009

On Tuesday April 21, 2009 the Bank of Canada lowered its interest rates to a historic low rate of 0.25%.
I found this article interesting, so I decided to share it with you.
Posted: April 21, 2009, 11:13 PM by James Cowan
In this occasional feature, the Post tells you everything you need to know about [...]