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April 2009 National Archive

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Mortgage News & Press Releases - April 2009

  • Sound Policy Measures will Rebuild Confidence, Guide Economies Through ...
    YELLOWKNIFE, Northwest Territories, April 01, 2009 — Although the global and Canadian economies are in recessions triggered by the most severe financial meltdown since the 1930s, Canadians can have confidence that unprecedented policy measures will restore growth, Bank of Canada Governor Mark Carney said today. "There is a plan to restore confidence and growth, we are implementing it, …
  • The Bank of Canada Releases Its Annual Report for 2008
    OTTAWA, Ontario, April 03, 2009 — The Bank of Canada's Annual Report for 2008 was tabled in the House of Commons today. Copies of the Report will be available at 12:00 (ET):
  • CanEquity Mortgage Hits Record Internet Traffic for March
    CALGARY, Alberta, April 03, 2009 — CanEquity Mortgage has seen a surge in traffic and online mortgage applications even during the current economic recession. In the last 30 days, has received over 140,000 unique visitors and nearly 1000 electronic mortgage inquires via the Internet not including faxes, phone calls or e-mails generated by the website. "We didn't think …
  • CMP 2009 Canadian Mortgage Awards
    TORONTO, Ontario, April 03, 2009 — The Canadian Mortgage Professional (CMP) magazine awards mortgage professionals for excellence within the industry. Below are the 2009 winners for the 3rd annual CMP Canadian Mortgage Awards Ceremony, which was held at the Liberty Grand in Toronto. Mortgage Brokerage of the Year (National Network) …
  • Housing Starts Move up in March
    OTTAWA, Ontario, April 08, 2009 — The seasonally adjusted annual rate 1 of housing starts increased to 154,700 units in March from 136,100 units in February, according to Canada Mortgage and Housing Corporation (CMHC). “Higher multiple starts in Ontario and Quebec were the main contributors to the rise in new construction activity in March,” said Bob Dugan, Chief Economist …
  • Bank of Canada Appoints Two Advisers
    OTTAWA, Ontario, April 09, 2009 — The Bank of Canada today announced the appointments of David Wolf to the permanent position of Adviser and Jean Boivin to the rotating role of Special Adviser for the term 2009-2010. David Wolf, Head of Canadian Economics and Chief Strategist with Banc of America Securities–Merrill Lynch in Toronto, will join the Bank as Adviser on 1 June 2009. He …
  • CMHC to Assist Municipalities with Infrastructure Loans
    KITCHENER - WATERLOO, Ontario, April 19, 2009 — The Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), today announced that municipalities can begin applying for direct, low-cost loans for shovel-ready infrastructure projects through CMHC. “Our Government understands the …
  • Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per ...
    OTTAWA, Ontario, April 21, 2009 — The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate. The Bank Rate is correspondingly lowered to 1/2 per cent. The deposit rate - the rate paid on deposits held by financial institutions at the Bank …
  • Bank of Canada releases Monetary Policy Report
    OTTAWA, Ontario, April 23, 2009 — The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. In the Report, the Bank noted that in an environment of continued high uncertainty, the global recession has intensified and become more synchronous since the Bank's January …


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