Posts from the ‘Monday Morning Interest Rate Updates’ Category
If the U.S. Federal Reserve Drops Rates, Will the Bank of Canada Have to Follow?
Monday Morning Interest Rate Update for June 17, 2019
The futures market is now betting on three rate cuts by the U.S. Fed this year. Today’s post explains how Canadian mortgage rates are likely to be impacted.
What Our Inverted Yield Curve Means for Canadian Mortgage Rates
Monday Morning Interest Rate Update for June 10, 2019
Canada’s yield curve has been inverted since late March. This rare phenomenon has significant implications for our mortgage rates both today and in the future.
Why the Bank of Canada and the Bond Market Still Don’t See Eye To Eye
Monday Morning Interest Rate Update for June 3, 2019
The Bank of Canada thinks our current slump will be temporary but the bond market doesn’t share that view. Today’s post looks at why they don’t see eye to eye.
Five Inflation Highlights with Implications for Canadian Mortgage Rates
Monday Morning Interest Rate Update for May 21, 2019
The Bank of Canada (BoC) recently reminded us that its primary mandate is to keep inflation “low, stable and predictable”, even if doing so “may create side effects that make the economy vulnerable to new shocks.” Given that, anyone keeping an eye on mortgage rates should be paying closing attention to the inflation data, the […]
How Bank of Canada Governor Poloz Can Help Increase the Appeal of Longer-Term Mortgages
Monday Morning Interest Rate Update for May 13, 2019
If Bank of Canada Governor Poloz believes that longer-term mortgages are good for lenders and borrowers alike, here’s how he can help.
Why Our Latest GDP Data Make the Bank of Canada’s Latest Forecast Seem Bullish
Monday Morning Interest Rate Update for May 6, 2019
Regular readers of this blog know full well that the BoC’s forecasts have consistently proven optimistic. Our February GDP suggest that may again be the case.
Bank of Canada Update: Rates to Stay Low for Longer
Monday Morning Interest Rate Update for April 29, 2019
When the Bank of Canada met last week, it left its monetary-policy rate unchanged. More importantly, the Bank also removed any reference to future rate hikes.
How Will Reduced Business Confidence Impact the Bank of Canada’s Outlook?
Monday Morning Interest Rate Update for April 22, 2019
This week’s Bank of Canada meeting includes an especially interesting subtext.
Are Canadian Bond Yields About to Push Our Fixed Mortgage Rates Higher?
Monday Morning Interest Rate Update for April 15, 2019
The recent lurching in Government of Canada bond yields may push our fixed mortgage rates higher over the short term.
Bank of Canada Governor Poloz Dampens Rate-Cut Speculation
Monday Morning Interest Rate Update for April 8, 2019
Last week Bank of Canada (BoC) Governor Poloz threw cold water on growing speculation that the BoC’s next rate move will be a cut, but I was unconvinced.
Canadian Mortgage Rates Pushed Lower by Slowing U.S. Momentum
Monday Morning Interest Rate Update for April 1, 2019
Today’s post explains how recent U.S. developments are helping to put downward pressure on Canadian bond yields, and by association, our mortgage rates.
The New Bank of Justin and Bill
Monday Morning Interest Rate Update for March 25, 2019
Our federal government just released its 2019 budget, and it included several initiatives that were designed to improve housing affordability for Canadians. Today’s post offers my take.
Fixed- Versus Variable-Rate Mortgages: Is the Reward Worth the Risk?
Monday Morning Interest Rate Update for March 18, 2019
The Bank of Canada has become much more dovish of late, and given that, now seems like a good time to revisit the age-old fixed versus variable rate question.
The Case for Lower Canadian Mortgage Rates
Monday Morning Interest Rate Update for March 11, 2019
Today’s post highlights from both of the Bank of Canada’s communications last week and offers my take on the two key questions that matter most to fixed- and variable-rate mortgage borrowers: When will the Bank move its policy rate next? Will its next move be up or down?
Will the Bank of Canada Put Rate-Hike Speculation to Rest?
Monday Morning Interest Rate Update for March 4, 2019
If the Bank of Canada is “decidedly data dependant” as it claims, then it should end speculation about near-term rate hikes when it meets this Wednesday.
