The following is a summary of some important points we have drawn from the above article which was produced by the Bank of Canada.

It is important to note that this article was produced with the intent of identifying ways that Bank of Canada’s monetary policy would have a greater impact on Canadians. In short, how the lowering of rates by the Bank of Canada could be translated more directly into savings for Canadians. This report looked very specifically at the Canadian Mortgage Market, and here are few conclusions: Continue reading →