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Fed Reserve of the United States announced that it will maintain its key interest rate near “0″. This decision reveals that Fed Reserve is in a kind of dilemma: On the one hand, it believes that low interest rate helps lift the US economy; On the other hand, it does not believe so, at least …

Canada’s economy shrank in the second quarter for the first time since the recession two years ago, as a high dollar boosted imports and curbed exports while natural disasters interrupted energy and automobile production. Gross domestic product fell at a 0.4 percent annualized pace during the April-June period following a 3.6 percent gain in the …

Inflation rates in July : Calgary:　0.5%  (From June); 1.8% (YTD) Alberta: 0.3% (From June); 1.9% (YTD) Canada: 0.2% (From June); 2.7% (YTD) In Alberta, prices advanced 1.9 per cent in July after increasing 2.1 per cent in June. Consumers paid 23.0 per cent more for gasoline and 4.1 per cent more for food purchased from stores. The …

The latest Bank of Canada Review — Summer 2011 special issue: Real-Financial Linkage, is just released. The article “Mortgage Debt and Pro-cyclicality in the Housing Market” catches our attention. The findings could suggest a lower LTV to fight against procyclicality in the housing market, which is an important ingredient in the emergence of booms and …

A good credit record means a lot to you. You can’t afford to ruin it. Here is how to maintain a good credit record: Pay your bills promptly, especially credit cards Borrow only what you need and what you can afford Try to pay off loans on time and as quickly as possible Get reference …