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interest rates News and Articles | My Blog

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?

... 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


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.

... More


Rise in bond yields could send fixed mortgage rates higher, experts say

1/18/2024 | Posted in Mortgage Interest Rates by Paul DeAdder

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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.

... 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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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


Bank of Canada's Macklem says 'too early' to consider rate cuts

12/15/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More


Canada's profligate spending forced interest rates higher: Scotiabank

11/20/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Without that boost in spending, the central bank’s key overnight lending rate would be about 3 per cent instead of the current 5 per cent, according to Scotiabank ... 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

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

... 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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New report examines how rising interest rates have impacted home prices in Canada

8/6/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report ... More


Rising interest rates a factor as new homes sales dip in GTA: BILD

7/24/2023 | Posted in New Developments by Paul DeAdder

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Although new home sales in the Greater Toronto Area were up in June, the Building Industry and Land Development Association (BILD) says sales have dipped “significantly ... More


Another week, another rise in fixed mortgage rates. How high could they go?

6/24/2023 | Posted in Mortgage Interest Rates by Paul DeAdder

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Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are ... More


BoC debated waiting until July to hike rates, but says data prompted it to act sooner

6/21/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.

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Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow

6/11/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year ... More


"More pain" for variable-rate mortgage holders as the BoC hikes rates

6/7/2023 | Posted in Mortgage Interest Rates by Paul DeAdder

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Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again.

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The Bank of Canada's 'conditional pause' on interest rates may be over - so brace for another hike soon

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

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After hitting pause on rates, growing speculation the bank is ready to hike again

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More than half of GTA condo investors losing money on properties, says new report

5/29/2023 | Posted in GTA Real Estate by Paul DeAdder

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'A change in investor behaviour is on the horizon,' report says

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Further BoC hike may be necessary, says leading economist

5/24/2023 | Posted in Mortgage Interest Rates by Paul DeAdder

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The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings

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Toronto House Prices Jump By $130,000 In A Year

3/6/2020 | Posted in Toronto Real Estate by Paul DeAdder

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Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" ... More


Canadian Household Borrowing Jumps By 31%, StatCan Says

12/16/2019 | Posted in Financial Health by Paul DeAdder

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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more.

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Low interest rates are the market's lifeline during tougher times

9/25/2019 | Posted in Mortgages and Real Estate by Paul DeAdder

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Employment figures had a major influence on the market's dynamics.

... More


More Fed cuts expected to push Canadian interest rates lower

9/19/2019 | Posted in Mortgages and Real Estate by Paul DeAdder

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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

... More


Bank of Canada reveals latest interest rate decision

9/4/2019 | Posted in Interest Rates by Paul DeAdder

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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy.

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The bank offering the world's first negative mortgage rate

8/18/2019 | Posted in Interest Rates by Paul DeAdder

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Negative mortgage interest rates offered in Denmark. How is it possible?

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Bank of Canada keeps key interest rate steady

7/10/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

... More


Bank of Canada to cut rates in October, then twice more

7/3/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics.

... More


Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

6/20/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold ... More


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