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Here's what another Bank of Canada rate hike means for Canadians

1/27/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts ... More


Bank of Canada hikes rates, becomes first major central bank to signal pause

1/25/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it ... More


BoC expected to deliver eighth consecutive rate hike, but it's probably the last one

1/20/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the ... More


Bank of Canada could be done on hikes for now: CIBC's Tal

12/8/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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"This is a significant difference in language, basically telling you that the Bank is willing to stop at this point if the data behaves"

... More


Bank of Canada announces another big hike

12/7/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is increasing its key overnight interest rate by 50 basis points to 4.25 per cent. This is the seventh consecutive increase since the Bank began hiking rates ... More


Why are mortgage rates going up in Canada?

11/8/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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Plus: The trajectory of interest rates throughout the year to date

... More


Bank of Canada makes another big rate hike

10/26/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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The move marks the latest "supersized" rate jump of 2022

... More


Bank of Canada expected to raise interest rates on Wednesday as recession fears grow

10/25/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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ven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday.

... More


Bank of Canada rate hike: Here's what economists are expecting

10/20/2022 | Posted in Interest Rates by Paul DeAdder

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Economists are expecting the Bank of Canada to continue its aggressive rate hike campaign after inflation data came in higher than expected.

... More


Growing debt could threaten stability as rates rise, says Bank of Canada's Rogers

10/18/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is closely monitoring debt burdens being shouldered across the economy over concerns they could become a threat to financial stability as interest rates ... More


Mortgage rates are already rising ahead of another hike by the Bank of Canada

10/18/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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While homeowners with variable-rate mortgages brace for another expected hike next week from the Bank of Canada, fixed-rates are rising too, according to rate insiders.

... More


BoC hikes need not be tethered to US rates, says former Fed official

10/13/2022 | Posted in Interest Rates by Paul DeAdder

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The Bank of Canada is not beholden to the United States Federal Reserve’s aggressive rate-hike trajectory, according to Randal Quarles, the Fed’s former vice ... More


BoC's Macklem: More interest rate hikes are "warranted"

10/7/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More


OECD predicts how high the Bank of Canada will go on rates

10/3/2022 | Posted in Interest Rates by Paul DeAdder

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While many economists have predicted the Bank of Canada’s interest rate will peak at 4%, the Organisation for Economic Co-operation and Development (OECD) has gone five ... More


Big banks hike short-term fixed mortgage rates as their popularity grows

9/25/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates.

... More


Interest rates: TD, Scotia see Bank of Canada heading to 4%

9/14/2022 | Posted in Interest Rates by Paul DeAdder

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TD Securities and Scotiabank's top economists think there’s more room to run for the Bank of Canada as it increases interest rates from the pandemic ... More


Bank of Canada announces another big rate hike

9/7/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control.

... More


Interest rates may need to rise above 4% as housing market bounces back: BMO

9/5/2022 | Posted in Interest Rates by Paul DeAdder

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Toronto home sales bounced 11% in August from the previous month.

... More


The Bank of Canada's September rate hike will be its last: CIBC

8/31/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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If CIBC economists are correct, the Bank of Canada’s expected rate hike next week will be its last of this rate-hike cycle.

... More


Bank of Canada preview: A 100-bps rate hike can't be ruled out

9/4/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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All eyes will be on the Bank of Canada’s interest rate decision this week, which some say could be its last increase of the year, and perhaps of this rate cycle.

... More


Housing investors are heading for the exits as rates rise

7/25/2022 | Posted in Real Estate Investments by Paul DeAdder

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Over the last year, the central bank issued repeated warnings about the risk investors posed to the market as they became a greater share of the country’s ... More


Interest rate hike like a 'hammer to housing': BMO senior economist

7/18/2022 | Posted in Mortgages and Real Estate by Paul DeAdder

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A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper ... More


Bank of Canada rate could peak in September, says CIBC economist

7/18/2022 | Posted in Interest Rates by Paul DeAdder

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The Bank of Canada's intention to "frontload" its path to higher rates means its policy rate could peak as early as September, according to a prominent CIBC ... More


Rate shock raises questions over Bank of Canada's rosy view

7/14/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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According to the Bank of Canada’s new forecast, the rate shock it just delivered will keep inflation expectations in check, restraining wage demands and price ... More


Bank of Canada hikes rate to 2.5% - here's what it means for you

7/13/2022 | Posted in Mortgages and Real Estate by Paul DeAdder

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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More


JPMorgan sees 'material risk' of full-point hike from Bank of Canada

6/26/2022 | Posted in Interest Rates by Paul DeAdder

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The possibility of a full-percentage point interest rate hike from the Bank of Canada at its July meeting is now firmly on the table following the latest inflation data for ... More


Bank of Canada likely to mirror 0.75 per cent Fed hike next month: economists

6/16/2022 | Posted in Interest Rates by Paul DeAdder

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Economists believe it's even more likely Macklem will have the confidence to increase the benchmark rate the same as U.S. bank authority.

... More


Nearly 1 in 4 homeowners would have to sell if interest rates rise more, survey finds

6/13/2022 | Posted in Canadian Housing Market by Paul DeAdder

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Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.

... More


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