Canada's mortgage rates edging higher in first rise since before COVID crisis - Yahoo Finance

by finance.yahoo 03/02/2021

Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans still languishing around historically low levels the modest hike is unlikely to slow the red-hot housing market. The lowest rate for a Canadian five-year fixed rate mortgage, the most common mortgage in Canada, climbed by 25 basis points last week to 1.64%, according to Ratehub.ca. Mortgage rates had been trending lower in Canada since the Bank of Canada slashed its benchmark interest rate last March to a record low of 0.25% to support the economy during the pandemic.


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Sudan and Rwanda received their first shipments of COVID-19 vaccines Wednesday, according to the U.N. Sudan received the initial 820,000 doses out of a total of 3,400,000 doses of AstraZeneca vaccine secured by COVAX, a global program to distribute vaccines to low- and middle-income countries, and UNICEF. Sudanese Prime Minister Abdalla Hamdok’s office posted news of the shipment in a tweet

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Scientists are warning that a variant of the novel coronavirus that was first detected in Brazil could reinfect people already recovering from COVID-19.   The P.1 variant has spread to more than 20 countries since it was first detected last November in the Amazonian region city of Manaus.  A joint study by scientists in Britain and Brazil says the variant is 1.4 to 2.4 times more transmissible than the original version of the coronavirus.   Manaus was struck by an initial wave of COVID-19 infections in April and May of last year.  According to researchers, by October almost 80% of recovering

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Peru is getting another weapon in its battle against the spread of COVID-19 on Wednesday.  President Francisco Sagasti said his country will receive the first batch of 50,000 doses of coronavirus vaccines from the pharmaceutical company Pfizer Wednesday evening, with an equal amount arriving the rest of the week.  Peru expects to receive five million doses of the Pfizer vaccine by June after reaching an agreement early last month.   Sagasti said Peru will now have two different vaccines to fight the virus, which has propelled the country to one the most impacted in Latin America.  Peru began the