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Sliding in polls, Canada's PM unveils platform - International Herald Tribune
TORONTO : Canadian Prime Minister Stephen Harper, sliding in the polls a week before elections, on Tuesday released his party's platform, which that includes only modest new spending proposals such as loans for hard-hit manufacturers. With the ...

Harper at risk of faltering (again) at 11th hour - Globe and Mail
Late gaffes stalled Stephen Harper's electoral momentum in both 2004 and 2006. Could a bit of bad luck and a booted debate moment do the same this time around? The Conservative Leader's hopes for a majority have receded in recent days, with polls ...

Economy demands fast action, Dion says - Globe and Mail
Shawn Bull from Canada writes: Mr. Dion says he'd also consult with the provinces on infrastructure projects and manufacturing opportunities that would best stimulate the lagging economy. That is why I would never want Dion to win. Spending federal ...

Canada PM: No need for US style government - Seattle Post Intelligencer
TORONTO -- As Canada faces an economic slowdown, the country's prime minister said Friday that Canadians don't need a parliament that acts like the U.S. congress and panics like the U.S. Treasury Department. Prime Minister Stephen Harper criticized ...

Canada leader: No need for US style government - San Francisco Gate
As Canada faces an economic slowdown, the country's prime minister said Friday that Canadians don't need a Parliament that acts like the U.S. Congress and panics like the U.S. Treasury Department. Prime Minister Stephen Harper criticized the way the ...

Economy is key issue in Canada’s elections - Peoples Weekly World
VANCOUVER, British Columbia — With less than a week to go before Canada’s Oct. 14 federal elections, the country’s faltering economy has become an issue. The Conservative Party is claiming that Canada’s economy is on a sound footing, and is ...

Rivals demand answers from Harper - Regina Leader-Post
OTTAWA - Conservative Stephen Harper came under fierce attack in Thursday night's debate for keeping voters in the dark on two central issues of the campaign - the economy and climate change . As in the French-language debate the night before, Harper ...

The gloom spreads north - Globe and Mail
R L from Canada writes: But, but, but.... Jim Flaherty & Steve Harper say the gloom will NOT spread north... if they say so, it must be true? Bush & Harper both said the 'fundamentals are strong'. Flaherty/Harper's plan is the 'do nothing', laissez ...

Day 30: Harper softens stance on deficits as markets plunge - The Province
With a week to go before Canadians mark their "X" on their ballots, it was plummeting markets, the threat of a recession and Prime Minister Stephen Harper not ruling out whether Canada would slide into a deficit that dominated the federal election ...

Harper Encourages Coordinated Action on Credit Crisis (Update3) - Bloomberg
Oct. 6 (Bloomberg) -- Canadian Prime Minister Stephen Harper said he's working on a plan to help the country's banking system in the event coordinated global action to tackle a credit crisis has unwanted effects on his country. ``We are also watching ...

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Today's Mortgage Terms starting with I

  • Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
  • Initial Rate: The rate charged for the first interval of an ARM loan.
  • Interest: Compensation in the form of money paid for the use of money.
  • Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
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