Rates.ca Resources & News

Will Artificial Intelligence Okay Your Home Loan in the Near Future?

AI Chatbot.jpg
Will your next home loan be completed exclusively online with no human contact? Home mortgage experts like Rob McLister believe that at some point, most people won't need a human touch to get a mortgage. McLister added that in the future, people won't want to talk to a human bank representative. They will prefer to receive better home loan interest ... Continue reading »

Bank of Canada Interest Rate Announcement Predictions

The Bank of Canada has held off on a March rate cut.
Financial markets and consumers await the Bank of Canada's (BoC) announcement regarding the direction of interest rates on March 6th. Forecasts among observers say that the central bank responsible for formulating monetary policy will likely leave rates unchanged. At 1.75 per cent, the rates Canadian banks charge each other for overnight loans has stayed the same since the last ... Continue reading »

What Discounts Can Lower Your Auto Insurance Premium?

woman smiling in blue car
Canadian auto insurance rates seem ever on the rise. Like any other product or service, it's tough to finger one commodity in 2019 that hasn't escalated in cost or even remained level over time. In the case of auto premiums, price increases don't stem directly from a hike in raw materials or labor costs. Rather, an insurance company's claims experience ... Continue reading »

Ontario Is Allowing More Testing of Autonomous Vehicles: What Does This Mean?

Man sits with hand on knees in self-driving car
Would you get into the back seat of a car without a driver? Ontario residents may soon see autonomous vehicles — the industry term for cars that drive themselves — on the road as part of ongoing research and development. The province is a world centre of innovative technology that goes into the making of self-driving cars. Invest Ontario reports that over ... Continue reading »