Mortgages designed for Life
Mortgage Calculator

Mortgage Calculator

You can enter a loan amount and find out what your estimated monthly payments would be...

House Price
Down Payment
Interest Rate
%
Term Length
years
your payment is:

or enter the amount you want to pay per month and find out what size of mortgage you can afford.

Monthly Budget
Interest Rate
%
Term Length
years
 
 
mortgage amount:

Inflation fairly tame, bucks global trend

The increase, which matched market expectations, compares with the 2.4 percent recorded in December. It also means the Bank of Canada will be under no immediate pressure to raise interest rates on March 1.

Statistics Canada said on Friday that energy prices had risen 9.0 percent in the 12 months to January following a 10.5 percent year-on-year rise in December. Gasoline prices advanced by 13.0 percent on the year, the same rate seen in December.
 
Overall, prices were up by 0.3 percent from December. The year-on-year core rate, which is closely watched by the Bank of Canada, slipped to 1.4 percent from 1.5 percent.
 
Friday's figures do little to challenge market expectations that the central bank, which targets 2 percent inflation, will hold rates steady until at least May. It halted its rate hike campaign last year on concern about the strength of the economic recovery.

The Canadian data follow a U.S. report on Thursday which showed core consumer prices there rose at the quickest pace in 15 months in January, suggesting a long spell of slowing inflation was coming to an end http://ca.finance.yahoo.com/news/Inflation-fairly-tame-bucks-reuters-3526381484.html

Back to News

Archives

2014 [34] 2013 [62] 2012 [83] 2011 [148]
December [8] November [13] October [4] September [6] August [12] July [6] June [19] May [21] April [18] March [19] February [17] January [5]
2010 [88]