Rock bottom mortgages

Mortgage rates will continue to fall. How low will they go? This and other stories in the daily roundup.

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by MoneySense staff
May 8th, 2013

Online only.

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  • Banks are keeping the housing market bubbly with the cheapest mortgages in history. This is why, according to Canadian Business, mortgages will go even lower, whether the government likes it or not.
  • The majority of Canadian investors own mutual funds (41%), followed by stocks (14%) and GICs (13%), according to a new poll for Edward Jones. Not sure how to invest your money? Whether you’ve got $1,000, $10,000 or $1 million, our Double Your Money Faster series can point you in the right direction.
  • The federal government has just appointed a task force to go after tax cheats in this country. The group will receive $30 million over five years to get started. It is estimated that Canada could be losing up to $7.8 billion annually in tax revenue.

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