Posts from the ‘Monday Morning Interest Rate Updates’ Category

  • Thoughts on the Bank of Canada’s Meeting This Week

    Monday Morning Interest Rate Update for July 9, 2018

    It is widely expected that the Bank of Canada (BoC) will raise its overnight rate by another 0.25% when it meets this week, and if it does, lenders will pass that increase on to variable-rate mortgage borrowers in short order. The Bank signaled its plans when it made its most recent policy announcement on May […]

    Continue Reading

  • The Bank of Canada Plans to Offer Less Guidance Going Forward

    Monday Morning Interest Rate Update for July 3, 2018

    In its most recent policy statement released on May 30, the Bank of Canada (BoC) gave every indication that it would raise its overnight rate, which our variable mortgage rates are priced on, at its next meeting on July 11. But right afterwards, U.S. President Trump started a trade war with Canada (among other countries), […]

    Continue Reading

  • The Bank of Canada Gets Reacquainted with Murphy’s Law

    Monday Morning Interest Rate Update for June 25, 2018

    When the BoC released its latest policy statement it might as well have hung out a neon sign that said, “We’re hiking rates at our next meeting in July”. Then Murphy’s law kicked in and just about every ensuing economic development from that point forward served to undermine the Bank’s intent.

    Continue Reading

  • The idea of a trade war with the U.S. seemed ridiculous until very recently. Then again, so too did the idea that Canadian steel (or Canadian anything) poses any sort of threat to U.S. national security. And yet here we are. As our leaders contemplate retaliatory tariffs against President Trump, the U.S. Bully-in-Chief, we must […]

    Continue Reading

  • Not All Variable-Rate Mortgage Contracts Are Created Equal

    Monday Morning Interest Rate Update for May 28, 2018

    Canadian borrowers are well advised to look carefully at the terms and conditions in their mortgage contract because two mortgages with the same headline rate can come with very different associated costs. To help in that regard, today’s post highlights five important questions to ask when evaluating variable-rate mortgage products.

    Continue Reading

  • Off This Week … Back Next Monday

    Monday Morning Interest Rate Update for May 7, 2018

    There is no new post this week but I will be back up and running next Monday as usual. In the meantime, here are links to my five most popular posts thus far in 2018: Canadian Mortgage Rate Forecast for 2018 – Part 1 (Five-Year Fixed Rates) Canadian Mortgage Rate Forecast for 2018 – Part […]

    Continue Reading

  • The Bank of Canada Offers Hope (For Later), Caution (For Now)

    Monday Morning Interest Rate Update for April 23, 2018

    The Bank of Canada (BoC) left its overnight rate unchanged last week, as most market watchers expected. The Bank also released its latest quarterly Monetary Policy Report (MPR), which provides us with the Bank’s assessment of the current economic conditions at home and abroad and includes forecasts for key economic data. The overall tone of […]

    Continue Reading

  • Five Key Questions For This Week’s Bank of Canada Meeting

    Monday Morning Interest Rate Update for April 16, 2018

    The Bank of Canada (BoC) meets this Wednesday, and while most market watchers aren’t expecting the Bank to raise its overnight rate at this meeting there is still the possibility that its accompanying commentary could push Government of Canada (GoC) bond yields higher, along with the fixed mortgage rates that are priced on them. The […]

    Continue Reading

Sign up for Dave’s Monday Morning Updates
To get regular updates from Dave the Mortgage Broker, please sign up below.
Never display this again