OECD, Fitch and Bank of Canada Chief have nothing in common

OECD is very optimistic about Canadian economy. It thinks that Canada is heading towards the right direction and it will get out of the current economic turmoil soon. It thinks that Canadian economy will attain its glorious 2% inflation target by the end of 2015. In its

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A look into mortgage prepayment penalty – as a MBS investor

Paying penalty to break a mortgage term is not a pleasant experience. You have probably experienced the pinch once or twice during your homeownership. It is interesting to see how the penalties decide pool types on mortgage backed securities. The NHA mortgage backed securities guide speaks a

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Dawn is a year away for Canadian Overnight Lending Rate

Bank of Canada manages the overnight lending rates between banks. It oversees the interbank lending through its large value transfer mechanism (Large value is not really large sum of money, it could be much less too – it has to fall under a particular category of transaction

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