Happy Thanksgiving from all of us at CENTUM
As we look forward to Canadian Thanksgiving Day on Monday, October 11, we decided to take a look back to see how much has changed on this day in history.
October 11, 1951
– the average five-year residential mortgage lending rate in Canada was 5.75 percent.
– A gold buying rush, triggered by speculation of a devaluation of U.S. currency, pushes the free market price of gold up from $35.00 to $40.00 USD per ounce.
October 11, 1970
– The Vancouver Canucks claim their first win as an NHL expansion franchise, after joining the league for a franchise fee of six million dollars; that fee today is $80 million.
– the average 5-year residential mortgage lending rate in Canada was 14.87 percent.
October 11, 1990
– The longest bull market
on record begins in the U.S. according to the Stock Trader’s Almanac, lasting to mid-July 1998. The market gained nearly 295 percent in value.
October 11, 2000
– The price of crude oil is a topic of concern in international financial markets, after it rises above $32.00 USD per barrel.
October 11, 2010
– The 5-year mortgage lending rate at most major banks is 5.39 percent – the lowest since 1951.
Markets rise and fall, but there is one thing that never changes - and that is the joy of being surrounded by family, friends and children, and the opportunity to give thanks for life’s appreciating assets that can’t be measured.
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Posted by CENTUM Canada
on October 9, 2010