Posts from the ‘Monday Morning Interest Rate Updates’ Category

  • 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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  • All eyes were on Bank of Canada (BoC) Governor Poloz last Wednesday when he spoke at the Board of Trade in St. John’s, Newfoundland. Market watchers have been debating whether the Bank would now pause, after reversing the two 0.25% rate cuts that it had made in 2015 in response to the oil-price shock, or continue to raise rates to mitigate against the risk of rising inflationary pressures over the medium term. The answer to that key question has important implications for both fixed and variable mortgage rates.

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  • How Inflation Is Likely to Impact Canadian Mortgage Rates in the Near Future

    Monday Morning Interest Rate Update for September 25, 2017

    Market watchers are currently engaged in a spirited debate about whether the Bank of Canada (BoC) will continue to raise its policy rate in the near future. In last week’s post I explained why the Loonie’s recent movements against a basket of other currencies make more near-term BoC rate rises unlikely, and in today’s post we’ll take a detailed look at the latest inflation data, which I believe further bolsters that view.

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  • The Bank of Canada (BoC) has now increased its policy rate twice over its last two meetings and there is speculation that it might raise again before the year is out. But the Bank continues to insist that its policy path is data dependent and if that is the case, I think the Loonie’s current momentum makes it doubtful that the BoC will raise again any time soon.

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