Posts from the ‘Monday Morning Interest Rate Updates’ Category
Monday Morning Interest Rate Update for June 14, 2021
The Bank of Canada didn’t make any major changes to its outlook last week, but its latest policy statement did contain a few noteworthy items.
Monday Morning Interest Rate Update for June 7, 2021
The latest US and CDN employment reports fell short of expectations once again. Today’s post offers my take on the implications for Canadian mortgage rates.
Monday Morning Interest Rate Update for May 31, 2021
In today’s post I outline both sides of the current inflation debate, and explain how it informs my current take on the fixed vs. variable trade-off.
Monday Morning Interest Rate Update for May 17, 2021
The inflation bogeyman has arrived. Last week we learned that the US Consumer Price Index (CPI) spiked to 4.2% in April, coming in well above the consensus forecast of 3.6% and marking its highest reading since September 2008. US core inflation, which strips out the more volatile CPI inputs like food and energy, surged to […]
Monday Morning Interest Rate Update for May 10, 2021
Last week’s Canadian and US employment data cast doubt on the market consensus narrative that inflation is about to take off.
Monday Morning Interest Rate Update for May 3, 2021
The US Federal Reserve still isn’t planning to raise its policy rate for a long time and today’s post explains why that limits the Bank of Canada’s options.
Monday Morning Interest Rate Update for April 19, 2021
This week the federal government will release its budget, the BoC will issue latest policy statement, and Stats Can will provide our latest inflation data. Whew!
Monday Morning Interest Rate Update for April 12, 2021
Last week we learned that our banking regulator (OSFI) will increase the stress-test rate for uninsured mortgages on June 1. This post offers my take.
Monday Morning Interest Rate Update for March 15, 2021
The bond market expected the Bank of Canada to adopt more hawkish language last week, but the Bank had other plans.
Monday Morning Interest Rate Update for March 8, 2021
The rather sudden widening of the gap between fixed vs. variable mortgage rates makes this a good time to once again compare the two options.