Posts from the ‘Monday Morning Interest Rate Updates’ Category

  • What the Bank of Canada’s Caution Means for Canadian Mortgage Rates

    Monday Morning Interest Rate Update for March 12, 2018

    The only real question leading up to this meeting centred on the tone of the Bank’s accompanying statement. Would the BoC convey a hawkish bias out of concern for rising inflationary pressures and tightening labour market conditions, or would it sound more cautious in deference to increased trade uncertainty and the lagging effects of the three rate hikes it had recently made?

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  • How Trump’s Tariffs Are Likely to Affect Canadian Mortgage Rates

    Monday Morning Interest Rate Update for March 5, 2018

    Last Thursday, seemingly out of the blue, President Trump announced that the U.S. would impose a 25% tariff on imported steel and a 10% tariff on imported aluminum, adding that these new taxes may be applied as early as this week. The U.S. President has a surprising amount of latitude on trade policy. In this […]

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  • Our Latest Inflation Data Give the Bank of Canada More Time to Wait

    Monday Morning Interest Rate Update for February 26, 2018

    The consensus read of the latest inflation data, which showed only a modest uptick of one of the Bank of Canada’s key sub-measures of inflation (more on that in the post), was that this slight change is not likely to alter the Bank’s plan to raise its overnight rate at some point this summer. I continue to disagree with this view and believe that the Bank will once again prove more cautious than our mainstream economists are forecasting.

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  • Canadian Mortgage Rate Forecast for 2018 – Part 2 (Five-Year Variable Rates)

    Monday Morning Interest Rate Update for January 15, 2018

    In today’s post I offer my forecast for five-year variable rates in 2018. At the end of the post I also offer my take on whether five-year fixed or variable rates are likely to offer the lowest cost over the next five years and, more importantly, my take on which is the better option for most borrowers in the current environment.

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  • How the Coming Mortgage Rule Changes Are Likely to Impact Canadians in 2018

    Monday Morning Interest Rate Update for December 18, 2017

    In today’s post, in the spirit of another new year’s tradition, I’m going to poke my neck out further than usual and offer predictions on how I think the impacts from the coming mortgage rule changes will materialize in the new year. (Note: The only certainty with the following predictions is that when you combine them with $1.50 you can buy one cup of hot coffee.)

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  • The Mortgage Rule Changes That Need to Be Changed

    Monday Morning Interest Rate Update for November 27, 2017

    On January 1, 2018, our regulators will implement a sixth round of mortgage rule changes as part of their ongoing attempts to slow our economy’s rate of mortgage debt accumulation. While I agree in principle with their instincts and with their earlier changes, I take issue with their most recent methodology. For example, in a […]

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