The gap between Variable and Fixed rates shortens

Here's an article on variable vs. fixed rates

http://tinyurl.com/yhf9nv4

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Bank of Canada pressured to raise rates

The Bank of Canada appears to be under pressure to increase interest rates sooner rather than later due to increasing housing prices causing inflation. The central bank of Australia raised their rates last week. Norway is considering raising rates due to higher housing prices this week. For further information see the attached article

http://tinyurl.com/yzmybul

TD's Weekly Outlook

The highlights of today's outlook from TD include:

Australia's central bank raised interest rates this week. They were the first of the G20 countries to do so.
The European Central Bank has maintained its interest rates as it does not see a recovery yet.

Canada's recovery could be hindered by the high Loonie vs. the US dollar.

http://tinyurl.com/yzv98pk

Edmonton Housing starts up from 2008

http://tinyurl.com/yfj4q4b