OTTAWA – The Board of Directors of the Bank of Canada today announced that Tiff Macklem has been appointed Senior Deputy Governor for a term of seven years beginning 1 July, 2010. His selection was made by the independent members of the Bank’s Board and was approved by the federal Cabinet.

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United States - Swifter, Higher, Stronger
Canada - A Battle of Prices
U.S. - Upcoming Key Economic Releases

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Watch CBC Marketplace - " In Denial " - This segment from CBC Marketplace on February 6, 2008 provides you with concise information about bank mortgage insurance and the reasons for consumers to purchase their insurance through a licensed broker.

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Federal Finance Minister Jim Flaherty announced three new rule changes
connected to government-backed insured mortgages Commencing April 19, 2010. Increase in qualifying rate regardless of rate/term. Decrease in Equity take out from 95% to 90% LTV. Minimum down payment of 20 per cent for government-backed mortgage insurance on non-owner occupied properties purchased "for speculation."

Government press release click here
 
 
The Week In Review:

Unites States - Jobs: Come out, Come out wherever you are.
Canada - External Shocks continue to hit Canadian Financial Markets
Canadian and U.S.: Upcoming Key Economic Releases

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The Coming Thaw 02/04/2010
 
Mark Carney speaks to members of the Winnipeg Chamber of Commerce.
"Canada has suffered less than most other advanced economies."

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