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TD boosts mortgage rates - Edmonton Sun
Mortgage rates in Canada are heading higher as fears of inflation resonate through the bond market while U.S. legislators move towards agreement on a $700 billion US bailout plan for Wall Street banks. The story you are searching for is available in ...

Provincial real estate sliding into recession - Victoria Times Colonist
Imagine a fence and you'll find many potential Greater Victoria home buyers and sellers sitting on it, watching the financial global crisis and hearing that B.C.'s once-roaring housing market has fallen into a recession. The evidence: Slumping sales ...

Banks crumble under pressure to pass on rate cut - Times Online
British banks are beginning to crumble under pressure from the Government to pass on yesterday's surprise 1.5 per cent interest rate cut to customers, with Nationwide and Royal Bank of Scotland (RBS) and HBOS the latest to announce new mortgage rates ...

Banks defy Brown over new interest rate cut - Times Online
High Street banks have told Alistair Darling they will not pass on any further interest rate cuts to consumers and businesses. The banks have warned the chancellor they are “not charities”. They said they could not afford further to reduce ...

TD Canada Trust lowers prime lending rate - Winnipeg Sun
TORONTO — One of Canada’s biggest mortgage lenders, TD Canada Trust, has declined to match the full half percentage point cut in interest rates announced by central banks in several countries. The retail banking arm of Toronto-Dominion Bank (TSX ...

First the banks, now the Olympics may have to be saved by the State - Times Online
Two of the main venues in the Olympic Park may have to be nationalised, with the taxpayer paying nearly £900 million extra as the credit crunch hits the 2012 Games, The Times has learnt. Ministers will meet Boris Johnson, the Mayor of London, this ...

Downturn snapshot: Day's events - BBC News
1829 That's it for today. There's been a lot of bad news but as the contributor from Harrow below makes clear, the outlook's not all bleak by any means. Thanks for sharing all your out-of-money experiences and the rest. 1825 "We are still very busy ...

Government to stabilize lending industry: Flaherty - Winnipeg Sun
OTTAWA — Finance Minister Jim Flaherty has announced government measures aimed at stabilizing the country’s troubled lending industry — measures he predicts will prod banks to further lower their lending rates. Flaherty says the Canada Mortgage ...

Banks move to trim prime rate - Edmonton Sun
TORONTO — Canada’s big banks are passing on more interest rate cuts to consumers and companies in the wake of Ottawa’s promise of help obtaining the billions of dollars required for their lending businesses. TD Canada Trust (TSX:TD) and CIBC ...

Comment: Victoria real estate is still a strong market - Victoria Times Colonist
There is no denying the economic downturn that started a month ago has shell-shocked the world, but the question we need answered here is "How does it affect us?" I'd suggest that it isn't our economy that has stalled, it's our thinking. We have ...