Posts from the ‘Monday Morning Interest Rate Updates’ Category

  • The Bank of Canada Holds Rates Steady, But for How Long?

    Monday Morning Interest Rate Update for September 10, 2018

    When the Bank of Canada (BoC) met last week, it left its overnight rate unchanged at 1.5% as was widely expected. The real question for anyone keeping an eye on Canadian mortgage rates was whether the Bank would hint at its plans for its next meeting on October 24.

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  • 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 […]

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  • 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), […]

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  • 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.

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  • 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 […]

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