What is a halal mortgage? How interest-free home financing works in Canada
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rewrite this content and keep HTML tags The 2024 federal budget announced on April 16 included plans to introduce “halal mortgages” as a way to increase access to home
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OTTAWA - Canadian interest rates don't have to match U.S. or global rates, Bank of Canada governor Tiff Macklem says, but they need to stay within a certain ballpark. Macklem made the comments while testifying before the House of Commons finance committee alongside senior deputy governor Carolyn Rogers on Thursday. “Our interest rates in Canada don't need to be the same as the U.S. rate or global rates. But there is a limit to how far they can diverge,” Macklem said. “We're not close to...