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Bank of Canada cuts key interest rate to 4.5% with hints of more to come
7/24/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle.
... MoreInflation report "all but guarantees" a Bank of Canada rate cut next week: economists
7/16/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June.
... MoreEconomists say BoC could cut interest rates again in July if inflation keeps cooling
6/23/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More
Bank of Canada officials worry that rate cuts may overheat the housing market
6/19/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially ... More
Bank of Canada cuts key rate for first time in more than 4 years
6/5/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.
... MoreBank of Canada considered waiting until July to cut interest rates
6/19/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More
June rate cut still a "close call" despite lower inflation in April
5/21/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month.
... MoreBank of Canada set for June rate cut, diverging from Fed
5/2/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy
... MoreCanada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists
4/30/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer.
... MoreFixed mortgage rates are rising. What's the deal?
4/18/2024 | Posted in Home Buyers by Paul DeAdder
As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.
... MoreBank of Canada leaves spring housing market in 'holding pattern'
4/10/2024 | Posted in Canadian Economy and Housing Market by Paul DeAdder
News not all bad as central bank signals possibility of rate relief in June
... MoreBank of Canada announces key interest rate decision
4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.
... MoreBank 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
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
Economists question their forecasts as inflation expectations challenge anticipated rate cuts
... MoreInflation metrics give BoC room to talk cuts
3/19/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists widely expect central bank to start cutting rates in June
... MoreVariable or short-term fixed mortgage? Where experts see the "sweet spot"
3/13/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
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
The Bank of Canada elected to hold interest rates steady at 5 per cent.
... MoreBank 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
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
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?
... MoreInflation slows more than expected in January
2/20/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
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
BoC's cash-management tool reboot suggests no easing on the horizon, surprising markets
... MoreBank of Canada says housing affordability is about boosting supply, not lowering interest rates
2/7/2024 | Posted in Real Estate Market by Paul DeAdder
Monetary policy can’t do everything, central bank governor Tiff Macklem says
... MoreFixed mortgage rates in Canada resume their decline amid economic volatility
2/3/2024 | Posted in Interest Rates by Paul DeAdder
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.
... MoreMarket 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
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
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
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.
... MoreNational 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
Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada,
... MoreInterest rate cuts, return to growth on economic horizon, Deloitte says
1/4/2024 | Posted in Canadian Housing Market Predictions by Paul DeAdder
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.
... MoreBank of Canada could start cutting rates next year, says governor - BNN
12/19/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
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
