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Cost of owning a home up slightly in late 2009; will continue to rise: RBC

The Canadian Press - Mon Mar 15, 5:12 PM

TORONTO - Home prices will continue to rise this spring as buyers scramble to close deals ahead of expected higher interest rates, new mortgage rules and new taxes in two key markets.

  • The share price indicator for Macquarie Group is seen in red on the Australian Stock Exchange (ASX) board in central Sydney February 9, 2010. REUTERS/Daniel Munoz
    Asian shares firm, dollar holds ground before Fed Reuters - 27 minutes ago

    TOKYO (Reuters) - Asian shares rose modestly on Tuesday, with technology stocks nosing ahead, while the dollar held its ground ahead of a Federal Reserve policy meeting expected to reiterate a pledge to keep rates low for a long time.

  • A pensioner holds a piece of bread during a protest in Athens. European finance ministers are set to pore over the fine-print of a eurozone plan to rescue Greece with billions of euros in crisis loans if budget surgery hits complications.  Photo:Louisa Gouliamaki/AFP
    Euro nations pursue Greek rescue planning AFP - 1 hour, 4 minutes ago

    BRUSSELS (AFP) - European finance ministers will on Tuesday be given the fine-print of a eurozone plan to rescue Greece with billions of euros in crisis loans if budget surgery hits complications.

  • Dodd financial overhaul proposal would give Fed powers to break up firms The Canadian Press - 1 hour, 51 minutes ago

    WASHINGTON - A new Democratic Senate bill to tame the financial markets would give the government new powers to break up firms that threaten the economy, force the industry to pay for its failures and create an independent consumer watchdog within the Federal Reserve.

  • File photo shows office workers passing in front of a a Lehman Brothers logo in Singapore. The administrator for the failed Wall Street giant has filed plans to end the largest bankruptcy in US history, opening the way for the creation of a new company.  Photo:Roslan Rahman/AFP
    Lehman administrator files record bankruptcy plan AFP - 2 hours, 24 minutes ago

    NEW YORK (AFP) - The administrator for failed Wall Street giant Lehman Brothers has filed plans to end the largest bankruptcy in US history, opening the way for the creation of a new company.

  • Finance Minister Jim Flaherty speaks to a Chamber of Commerce luncheon in London, Ontario, on Friday, March 5, 2010, the day after presenting the new budget to Parliament. THE CANADIAN PRESS/Dave Chidley
    Flaherty says European proposal to tax banks, financial transactions 'a mistake' The Canadian Press - 2 hours, 31 minutes ago

    NEW YORK - Canada will not impose new taxes on banks or financial transactions and will try to convince European leaders of the folly of their proposals at the upcoming G8 and G20 near Toronto in June, Finance Minister Jim Flaherty said Monday.


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