The amortization period is the length of time it would take to pay off a mortgage in full, based on regular payments at a certain...

A Mortgage-Backed Security (MBS) is an investment similar to a bond that is made up of a bundle of mortgage loans bought from the banks...

No. Tapering is the process of reducing the pace of quantitative easing (QE), but the balance sheet is still being expanded, though at a...

When the overnight rate is increased by the central bank, it becomes more expensive for banks to borrow money from one another,...

What is Quantitative Easing? Quantitative Easing (QE) refers to monetary policies that expand the Federal Reserve System (Fed) balance...

Inflation is the rate at which prices for goods and services rise. This can translate to a decrease in purchasing power over time.

What is CPI? CPI is the Consumer Price Index. This is a measure of the cost of living for the typical person. What is Core CPI? Core...

The target overnight rate is a key Bank of Canada-controlled interest rate used as a basis for one-day (or “overnight”) borrowing between...

Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act. Monetary policy:...