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Bank of Canada announces key interest rate decision

4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

... More


Bank of Canada to keep rates on hold this week, first cut seen as early as June

4/8/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

bank-of-canada-governor-481.jpg - Real Estate News

The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest ... More


Inflation expectations cast shadow on BoC's rate decision

4/3/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Economists question their forecasts as inflation expectations challenge anticipated rate cuts

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Inflation metrics give BoC room to talk cuts

3/19/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Economists widely expect central bank to start cutting rates in June

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Variable or short-term fixed mortgage? Where experts see the "sweet spot"

3/13/2024 | Posted in Mortgages and Real Estate by Paul DeAdder

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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More


Bank of Canada makes interest rate decision

3/9/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

bank-of-canada-84.jpg - Real Estate News

The Bank of Canada elected to hold interest rates steady at 5 per cent.

... More


Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy

3/4/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate ... More


We could reach 2% inflation by this summer: National Bank

2/28/2024 | Posted in Interest Rates by Paul DeAdder

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Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts?

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Inflation slows more than expected in January

2/20/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

canadian-cash-money-503.jpg - Real Estate News

Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in ... More


2024 rate-cut forecasts being revised following today's mixed-bag jobs report

2/9/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More


The Bank of Canada's latest move may signal higher rates

2/10/2024 | Posted in Interest Rates by Paul DeAdder

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BoC's cash-management tool reboot suggests no easing on the horizon, surprising markets

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Fixed mortgage rates in Canada resume their decline amid economic volatility

2/3/2024 | Posted in Interest Rates by Paul DeAdder

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After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.

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Market participants still expect the first Bank of Canada rate cut in April

2/5/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by ... More


Bank of Canada reveals first rate decision of 2024

1/24/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More


BoC set to leave rate unchanged in January, says RBC

1/19/2024 | Posted in Interest Rates by Paul DeAdder

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The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada.

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National home prices close out 2023 above prior year, despite continued slowdown in market activity

1/15/2024 | Posted in Canadian Housing Market by Paul DeAdder

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Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada,

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Interest rate cuts, return to growth on economic horizon, Deloitte says

1/4/2024 | Posted in Canadian Housing Market Predictions by Paul DeAdder

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The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada.

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Bank of Canada could start cutting rates next year, says governor - BNN

12/19/2023 | Posted in Mortgage Interest Rates by Paul DeAdder

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The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ... More


BoC to begin rate cuts by 2024's second quarter, market players say

11/7/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

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No more rate hikes expected as unemployment rate rises to 21-month high

11/3/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists ... More


Upcoming mortgage renewals part of why BoC held rate at 5 per cent: Macklem

11/1/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... More


Bank of Canada delivers rate hold, but maintains hawkish bias

10/25/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.

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Mortgage renewals could cause severe downturn

10/7/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated.

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Mortgage interest costs now up over 80% since the start of the BoC's rate hikes

9/14/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More


Bank of Canada holds key rate steady at 5 per cent, says economy is weakening

9/6/2023 | Posted in Interest Rates by Paul DeAdder

bank-of-canada-governor-481.jpg - Real Estate News

The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening.

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Economists see Bank of Canada holding on rates after surprise GDP contraction

9/1/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

statistics-canada-80.jpg - Real Estate News

Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an ... More


Sustained low interest rates no longer possible, says former BoC governor

9/4/2023 | Posted in Interest Rates by Paul DeAdder

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This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025

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