Mortgage-Backed Securities

mortgage-backed securities: The central bank said at the end of its two-day interest rate meeting that it would cut its US$85 billion of bond purchases by $10 billion half Treasuries, half mortgage-backed securities starting in January, according to Times Colonist. Toronto's S P/TSX composite index ran ahead 154.57 points to 13,334.73, with gains spread across all sectors save for the gold group and TORONTO - North American stock markets closed sharply higher Wednesday as the U.S. Federal Reserve ended months of speculation and announced it will start cutting back on its monthly asset purchases. It will make further decisions on tapering based on how economic data looks, particularly in regards to employment and inflation. (www.immigrantscanada.com). As reported in the news.