Posts from the ‘Monday Morning Interest Rate Updates’ Category
How NAFTA Uncertainty Is Impacting Canadian Mortgage Rates
Monday Morning Interest Rate Update for September 4, 2018
Today’s post looks at the impact that ongoing NAFTA uncertainty has had on Canadian mortgage rates, and explores its potential impact going forward.
Five Key Canadian Mortgage Rate Questions for the Remainder of 2018
Monday Morning Interest Rate Update for August 27, 2018
Anyone keeping an eye on Canadian mortgage rates will want to consider these five key questions in the months ahead.
Why the Latest Canadian Employment Headline Is All Hat and No Cattle
Monday Morning Interest Rate Update for August 13, 2018
Last week’s banner headline jobs number should have sent the five-year Government of Canada bond yield soaring, but it actually closed slightly lower on Friday. This week’s post explains why.
Five Mortgage-Rate Related News Highlights from Last Week
Monday Morning Interest Rate Update for August 7, 2018
Today’s post summarizes five news items from last week that should be of interest to anyone keeping an eye on Canadian mortgage rates.
Will Today’s U.S. Growth Surge Spur a Bank of Canada Rate Cut Down the Road?
Monday Morning Interest Rate Update for July 30, 2018
In today’s post I explain how the U.S. economy’s current growth surge may be raising the odds of a Bank of Canada rate hike a little farther down the road.
Canadian Inflation Hits a Six-Year High
Monday Morning Interest Rate Update for July 23, 2018
Last Friday we learned that Canadian inflation increased by 2.5% in June. The consensus predicted that higher rates are on the way … but are they really?
The Bank of Canada Hikes Rates Despite Uncertainty
Monday Morning Interest Rate Update for July 16, 2018
The Bank of Canada raised its overnight rate again last Wednesday despite significant uncertainty about our economy’s near-term prospects. Today’s post offers my take.
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 […]
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), […]
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.
A Trade War Would Push Down Our Mortgage Rates, But Be Careful What You Wish For
Monday Morning Interest Rate Update for June 18, 2018
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 […]
Will More Job Losses Delay the Bank of Canada’s Next Interest Rate-Hike?
Monday Morning Interest Rate Update for June 11, 2018
The question that follows from last Friday’s weak Canadian employment report is: How will it impact the Bank of Canada’s plans to raise rates again in the near future?
Variable Mortgage Rates Are Likely to Rise Again Soon … Are They Still the Better Bet?
Monday Morning Interest Rate Update for June 4, 2018
Today’s post provides highlights from the Bank of Canada’s latest statement and offers my take on how it impacts the appeal of our variable-rate mortgages.
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.
Fixed versus Variable? Three Variable-Rate Mortgage Simulations to Help You Decide
Monday Morning Interest Rate Update for May 22, 2018
In today’s’ post I simulate three different scenarios for Canadian variable rates over the next five years and provide a rationale for how each might unfold.
