Posts from the ‘economic forecast’ Tag

May 26, 2010

Being Mark…

Mark Carney and the Bank of Canada will meet next Monday to make the most anticipated interest rate announcement in years. Today's post explains how the overnight rate works, why it is important, and makes a prediction about what Mr. Carney will do.
May 3, 2010

Spring Mortgage Market Update (2010)

Today's post is my quarterly update on the state of the mortgage market. In it, I challenge the media's assertion that everyone should be locking into a fixed rate and explain my theory that variable rate products offer their own form of risk insurance.