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Mortgage Crisis

Why We Can't Afford to Spend Our Country Out of Debt

Doug O. Jones | Posted 04.30.2013 | Canada
Read More: Mortgage Crisis, Debt, Gdp, Consumer Spending, Finance Minister Jim Flaherty, Global Financial Crisis, Canada Financial Crisis, Canada Debt, Financial Crisis, Great Recession, Recession, Canada News
Doug O. Jones

With GDP forecast to grow by a mere 1.6 per cent this year, our governments (both provincial and federal) need consumers to keep on spending to prop up the economy. They need this while they, themselves, are struggling with ballooning deficits and debt loads.

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Mortgage Free? In Your Dreams.

Melissa Carr | Posted 04.10.2013 | Canada British Columbia
Read More: Mortgage Crisis, Bc Debt, Vancouver Real Estate, Canada Mortgage Debt, Canada Real Estate, Bc-Real-Estate, Bc Housing, Canada Debt, Canada British Columbia News
Melissa Carr

The average age at which Canadian homeowners with a mortgage believe they will be mortgage free is 57, compared to age 55 in a similar CIBC poll one year ago. And, surprise: residents of B.C. had among the longest repayment expectations in Canada at age 59

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U.S. Justice Department Probes S&P Over Mortgage Ratings

CBC | CBC | Posted 10.18.2011 | Canada Business
Read More: S&p Downgrade, Subprime Mortgages, U.S. Debt Downgrade, U.S. Department of Justice, Mortgage Crisis, Standard & Poor's, Mortgage Bonds, Gene Sperling, S&P, Justice Department, U.S. Credit Downgrade, Canada Business News

Officials are investigating the ratings that Standard & Poor’s gave to dozens of mortgage-backed securities in the lead-up to the f...

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